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Manchester United’s co-owner Sir Jim Ratcliffe may inject more equity into the club to support the new stadium project, according to Football Insider.
Task force weighs stadium options
The Premier League club has formed an expert task force to explore the best path forward for their stadium.
This group includes Manchester mayor Andy Burnham and club legend Gary Neville.
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The task force is deciding between regenerating Old Trafford or building a new facility.
Initial findings suggest building a new 100,000-seat stadium is the best option. A final decision is expected by the end of 2024.
The new stadium would cost over £2 billion, double the cost of redeveloping Old Trafford. Construction is expected to take six years.
Partnership moves project forward
Manchester United, Trafford Council, and the Greater Manchester Combined Authority have partnered to advance the project.
This partnership aims to ensure the stadium benefits the surrounding area.
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However, local authorities are only likely to fund infrastructure improvements.
Which means, the club must find ways to finance the stadium itself without government support.
Sir Jim Ratcliffe explores funding options
Sir Jim Ratcliffe, who acquired a 27.7% stake in Manchester United earlier this year, has been exploring options to finance the project.
The club has also engaged in preliminary talks with major financial institutions like Bank of America. These discussions, reported by The Athletic on 26 June, aim to raise capital for the stadium.
Now, as per Football Insider, Ratcliffe could increase his equity in Manchester United with aim to raise capital for the new stadium, leading to a larger share in the club.
This move would likely reduce the Glazers’ stake.
Despite earlier indications that Ratcliffe would focus solely on football matters, according to multiple reports, he now plays a significant role across all operations at Old Trafford.
Ratcliffe and his INEOS team are working to return Manchester United to the top of English football.
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