Exclusive: Man United make stadium decision after new plans revealed
Man United are looking to keep the costs of their stadium development in check after drawing up new plans for the project, sources have told Football Insider.
Man United announced plans to build a 100,000-seater stadium in March this year as part of the government’s regeneration of the Old Trafford area.
Sir Jim Ratcliffe has insisted he wants the new stadium, which Man United believe will cost around £2billion, to be the “world’s greatest” and potentially be completed within five years.
As part of the plans drawn up by architect Lord Norman Foster, founder of Foster and Partners, the stadium was set to comprise three masts described as “the trident” that would be 200 metres high and visible from 25 miles away.
However, The Athletic reported on 26 September Man United have now drawn up plans that don’t include the canopy due to issues around purchasing the required land.
Man United could face £4bn new stadium bill
The Guardian reported on 2 August Man United were facing a delay building their new stadium due to a standoff with Freightliner, the haulage company that owns the land required to build the canopy.
Freightliner is seeking around £400million, but Old Trafford chiefs only value the land at between £40-50, forcing them to consider alternative plans for the development.
Sources have told Football Insider Ruben Amorim’s side are simply looking to ensure the build costs for the new stadium remain in check after drawing up plans without the canopy.
Ratcliffe is considering funding options for the stadium development before getting the project underway.
Finance expert Stefan Borson told Football Insider Man United could be facing a £4bn bill due to a rise in inflation.
Man United likely to put new stadium plans on hold
Man United are currently up against it if they wish to complete the stadium project within five years.
Borson told Football Insider Man United could be forced to put their stadium plans on hold after their debt has risen beyond £1bn.
Borson said: “You could say that the stadium situation is going to be very challenging to do, possibly even on hold given where the financials are right at this point, unless they can get effectively a subsidy from local or central government, or equity from a third party.
“I think the debt situation now, they’re getting to the point where the starting point of the debt is starting to get too high to then stick on top very considerable stadium debt.”
Man United released their latest accounts for 2024-25 last month, revealing their turnover increased from £661.8m to £666.5m.
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