Man United’s £300m plan revealed as official documents filed – Stefan Borson
Manchester United are looking to raise cash for their new stadium project and to fund the redevelopment of their training ground after offering to sell securities.
That is the view of former Man City financial adviser Stefan Borson, who exclusively told Football Insider Man United are currently low on cash as Sir Jim Ratcliffe looks to reshape the club.
A filing to the US Securities and Exchange Commission (SEC) on 13 September revealed United are offering to sell securities of a mixed variety for the purpose of raising up to $400million (£301million).
The Premier League giants are currently considering funding options as part of their plans to either build a new stadium or redevelop Old Trafford, while they are also planning to spend £50million on refurbishing their Carrington training ground.
Man United are getting on with things after seeking extra cash
Borson insisted it isn’t a surprise to see United are looking to raise money to fund those projects as Ratcliffe and his staff want to quickly improve matters at Old Trafford.
“We have spoken before that they are getting on with things,” Borson told Football Insider.
“They have got a hole list of things that they want to do, from the training ground through to the stadium and the team itself.
“They are low on cash. All of this capital expenditure costs money, so it’s not a surprise that they are just setting themselves up to raise some more money.
“We will have to see the details when the papers come out in terms of exactly what they have got planned for the allocation of that cash.
“But the overall situation is not a surprise because they are getting on with things and, if you are getting on with things, you are going to need cash to pay for it.
“At the moment, they don’t really have it.”
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