Manchester United are weighing up how to embark on their mission to revamp Old Trafford, but they have been warned that their costs could surpass over £1billion in the current climate
Manchester United have been warned that it will cost them up to £1.5billion if they choose to press on and demolish Old Trafford to build a new ground.
It has been revealed that club executives are working on plans to develop and revamp the new ground, with drastic changes to the Theatre of Dreams being considered. There is also the option of building a brand new stadium opposite Old Trafford.
The report states that the continual inflation in the price of steel and materials will mean United are forking out mammoth amounts on supplies, and the ongoing war in Ukraine could see prices rise further due to the uncertainty it is creating. They also believe that loans and bonds could fund the building costs.
There are thought to be three options on the table as it stands for United: a complete rebuild, expanding the Sir Bobby Charlton Stand or revamping the building in its current structural condition (no major rebuild). Those talks will continue over the coming months before numerous different parties, including fan representatives, are asked for their say on the matter.
Former United defender Gary Neville is very positive about the proposed changes and believes that his beloved club no longer has the same standard of facilities as some of their rivals. Speaking on his Instagram Live earlier this month, he said: “There is a story emerging from Old Trafford that they might rebuild the entire stadium and I have just been asked what I think of it.
“I actually think that it would be the right move. I think by the time that they have spent money on Old Trafford, the existing one, then I think you would be better off building a brand new, better, super stadium. I do think that Manchester United should always be at the forefront of stadiums, have the best facilities and they have fallen behind.”
United are thought to be most keen on a staggered approach which will not impact the capacity, meaning that whoever the club appoint as their new manager in the summer should be able to enjoy the magic of a packed out Old Trafford. However, changes will also be needed on the pitch if fans are to have something to shout about.
The Red Devils are currently sitting in fifth place in the Premier League and their chances of securing Champions League football for next season appear very slim due to the good form of Arsenal. If United finish outside of the top four then it will give them a prime opportunity to lay the foundations of a major rebuild, though it could mean that some of their most talented players – like Cristiano Ronaldo – push to move elsewhere and are unwilling to sacrifice a year of their career to return to the very top level.
Paris Saint-Germain’s Mauricio Pochettino is reported to be the leading candidate to succeed Ralf Rangnick at the end of the season. Though Ajax’s Erik ten Hag and Southampton’s Ralph Hasenhuttle have also been linked with the pending vacancy.