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In the future, Old Trafford is likely to cease to exist. |
Populous architects and management consultant Legends International, the two companies behind Spurs’ Tottenham Hotspur Stadium project, were tasked by MU to outline a plan to renew the face of the team’s home ground over the past year. . According to the Guardian, two options have just been submitted to MU owners.
First, MU can increase the capacity of Old Trafford to 88,000 seats (currently 74,140 seats). The process included the renovation of the Sir Bobby Charlton stand, and the upgrading of the stadium’s facilities and services. Old Trafford has a lot of damage and needs to be repaired.
The Glazers haven’t made any moves in regards to yard renovations since Sir Alex Ferguson’s retirement. According to the Daily Mail, this option is estimated to cost the “Red Devils” more than 1 billion pounds. However, the project became complicated when there was a railway line running behind the main stand.
The other option is to build a completely new yard, which means that Old Trafford logo 112 years old will be demolished. The site of the new stadium is located on the land surrounding Old Trafford, which is owned by MU. At least £ 2 billion is needed for the “Red Devils” to complete the construction of a new stadium.
Whether upgrading the “Theater of Dreams” or building a new yard will be decided by the new owner of MU. Similar to Roman Abramovich when he sold Chelsea to Todd Boehly, the Glazer family asked the partner buying the team to commit to investing in MU.
The Athletic revealed that the “Red Devils” owners received many offers to buy the club from the US, the Middle East and in the UK. In mid-February, the Glazer family will close the deal with the partner they like best.
Glazer’s desired house price is between £6 and £7 billion. However, according to many financial experts, “Red Devil“Can be changed hands with around 5 billion pounds. “Man Utd owners are promoting the transfer of the entire team in the first quarter of 2023”, The Athletic confirmed.
“You will need to focus on this period when the transfer of MU can happen very soon,” said transfer expert David Ornstein. “It will be a seismic moment in the history of Man United.”
American owners do not intend to pump more money to invest. What they care regarding now is to find a good investor. Therefore, the “Red Devils” can only make loan deals during the mid-season transfer window. Coach Erik ten Hag was not given the money to bring in the signings he needed.