Kieran Maguire hits out at Ratcliffe’s ‘very cheeky’ Man United move
Sir Jim Ratcliffe would be ‘exploiting’ Man United fans if they are made to fund their club’s £2billion stadium project.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that it would be ‘cheeky’ of Ratcliffe to request fan funding to build a new stadium.
As reported by The Telegraph, United’s Supporters’ Trust have proposed that fans should be offered minority ownership in return for funding for Ratcliffe’s stadium project.
The British billionaire reportedly wants to build a ‘Wembley of the North’ to replace Old Trafford with a 90,000-capacity venue.
The project is expected to cost £2billion to complete, with Ratcliffe also requesting public funding from the government to help cover costs.
Should Man United fans get involved in Ratcliffe’s £2bn mega-project?
Maguire believes Ratcliffe should explore ‘alternative routes’ for funding rather than relying on club supporters.
“Manchester United fans who are season ticket holders and buy the club merchandise have put up with the holes in the roof of the stadium,” Maguire told Football Insider’s Sean Fisher.
“The fault of that lies with the Glazers in terms of the poor conditions.
“It seems very cheeky of Jim Ratcliffe or anybody else to then expect fans to stick their hand in their pockets and rectify the failure of the Glazers to provide a level of service that you have a right to expect.
“If fans are buying shares then they’re not really getting very much in return.
“We’ve had the position before where Manchester United have issued shares to the market and that didn’t really work.
“To expect fans to fund a £2billion stadium when there are alternative routes does seem very harsh.
“It’s a case of the rich exploiting the poor if it takes place.“
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