Kieran Maguire: New Man United owner could have 'license to print money' after takeover reveal
A modern Old Trafford with a capacity of 90,000 would give the new Man United owners a “license to print money”.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider as potential new owner Sir Jim Ratcliffe explores the possibility of redeveloping the stadium and Carrington.
Man United confirmed earlier this week (22 November) that the owners are now exploring a possible sale of the club.
The Daily Mail’s Mike Keegan reported the same day that British billionaire and lifelong United fan Ratcliffe was carrying out a feasibility study on the cost to buy the club and redevelop the stadium and training ground.
Ratcliffe’s camp denied the reports.
“In respect to Old Trafford, it’s how do you want Old Trafford to look?” Maguire told Football Insider‘s Adam Williams.
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“Do you want a complete rebuild? Are we just extending one of the stands? Are we talking about an 80,000 or 90,000-capacity stadium?
“A lot will depend on the volume of expansion and also the architectural challenges that will bring.
“The third issue will be, how are we going to sell new tickets?
“The Glazers have come in for a lot of criticism, clearly, but what they have done over the course of the last decade is frozen season ticket prices so therefore, generating money really has to come from the hospitality and corporate area. That involves boxes and a premium product.
“In respect to Carrington, it’s fallen behind some of the developments that we’ve seen at the likes of Spurs, Man City and Liverpool.
“We’re not going to get anywhere short of a few hundred million, to be realistic. A lot will depend on where we go with Old Trafford.
“I was talking to someone earlier who said ‘Let’s just knock the whole thing down [Old Trafford] and build a purpose-built stadium’.
“We’ve seen some of the big Spanish clubs take a similar approach and we’ve seen Spurs bite the bullet.
“Yes it would be expensive but a 21st-century Old Trafford with a capacity of 90,000 would be a license to print money.”