Man Utd’s plans to build a new 100,000-seater stadium could be in jeopardy Lord Ping New co-owner Sir Jim Ratcliffe wants to build on the site next to Old Trafford Lord Ping The Red Devils may have to redevelop Old Trafford instead Getty
They are also looking to completely regenerate the area of Trafford where the ground will stand.
However, those plans could be put in jeopardy if the Red Devils do not receive government funding.
City A.M. claims government money will be required to pull off the most ambitious of several proposals that are being put forward by the club.
But Man Utd are unlikely to get a handout following the recent discovery of a £20billion hole in the nation’s public finances.
Chancellor Rachel Reeves has already implemented a major cost-cutting programme, with significant tax rises also expected.
That means plans to invest tens of millions of pounds in United’s new stadium project could be reconsidered or ruled out.
Without government funding for the proposed £2bn stadium, Man Utd chiefs will have to assess other options.
They could instead decide to redevelop Old Trafford for half the cost, but that could take up to six years.
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MANCHESTER UNITED plan to build a new stadium rather than redevelop Old Trafford.
The decision was made after a number of fact-finding missions to other stadiums including the Bernabeu and Nou Camp.
The cost of the project is expected to be a staggering £2billion.
A capacity of 100,000 is expected.
It is felt that a club of United’s standing should have a new state-of-the-art facility.
The new stadium will be built on land adjacent to the Red Devils’ current home.
United are looking to not only build a stadium but regenerate the area of Trafford where the ground will stand.
The club consulted with 30,000 fans about what to do and believe there is roughly a 50-50 split on staying or moving.
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