Report: The huge cost of long overdue improvements to Old Trafford
Making the necessary improvements to Old Trafford would cost Manchester United a minimum of £200 million, according to the Daily Mail.
United’s progress on the commercial side and their investment in the playing staff has not been matched by their spending on a stadium that now sorely needs it.
The fresh report indicates that the level of spending needed has now spiraled and it may even play on the minds of potential investors.
What does the report say?
The report claims that £200 million may prove to be a conservative estimate in terms of what it would take to restore Old Trafford to its former glory.
It mentions renovating and improving the dilapidated South Stand to push the capacity to 90,000, but says that the cost of the work cannot be supported by the Glazers’ current financial approach.
The report also says that the bill for work on the stadium only serves to add to a cost which would mean only 20 people in the world have the wealth needed to buy United from the Glazers.
The fact that private equity firm Silver Lake invested £380 million in Manchester City when they entered the Premier League marketplace in November is also mentioned as evidence that those mega-bucks are being put off ploughing money into United.
Stadium no longer pride and joy
The crumbling state of Old Trafford has been a source of embarrassment for a club with such riches for a number of years now.
Under Sir Alex Ferguson and David Gill, Old Trafford was the club’s pride and joy as they used success on the pitch as a springboard to push ahead in terms of making their ground the best in the country.
Now with the likes of the Tottenham Hotspur Stadium springing up to further put Old Trafford to shame, the situation looks to have reached crisis point.
As if one was needed, that’s yet another black mark against the Glazers and one which really hits the match-going fans – the ones who matter far more than the bluster on social media – hard. It’s embarrassing.
- £59.7m Manchester United target reportedly set to sign four-year deal around £350,000 per week
- Report: Casemiro could undergo Manchester United medical tomorrow
- Manchester United expected to move for 23-year-old after new £67.6m bid rejected
- 'Serious target': Manchester United identify £25.5m attacker as top option – Report
- Sir Jim Ratcliffe's Chelsea pledge to invest £1.75bn over 10 years gives Manchester United fans tantalising glimpse of what could be