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SIR JIM RATCLIFFE is said to be considering both Elon Musk and Jeff Bezos as possible investors for the redevelopment of Manchester United’s stadium.
The co-owner of the Red Devils has made it clear that he aims to create a “Wembley of the North” for the Premier League club.
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There is also the possibility of retaining Old Trafford while undertaking extensive renovations.
Both options are projected to cost approximately £2 billion, double the amount that Tottenham spent on their new stadium.
Moreover, The Athletic has indicated that Ratcliffe has considered reaching out to prominent billionaires Musk and Bezos for financial assistance.
It is understood that the Man Utd executive explored the prospects of contacting this duo, whose combined net worth is approximately £583 billion.
However, there remains uncertainty regarding how seriously Musk and Bezos were actually considered as prospective financiers.
Additional funding sources might include the recent ticket price increases and the potential sale of naming rights for the new facility.
Ratcliffe and Ineos have come under fire after taking over football operations at Old Trafford.
They were responsible for the dismissal of manager Erik ten Hag, just months after renewing his contract.
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Recently, sporting director Dan Ashworth parted ways after a brief five-month period in his role.
The newly appointed head coach Ruben Amorim is already encountering challenges, having lost four of his last six matches in charge.
Sir Jim Ratcliffe suggests that Man Utd’s ‘Wembley of the North’ might include a 100,000-seat mega-stadium if they vacate Old Trafford
Other controversial actions taken by Ratcliffe include cutting 250 jobs, canceling Sir Alex Ferguson’s £2 million-a-year ambassadorial salary, eliminating the Christmas party, and removing company credit cards and private drivers.
He has also halted staff lunches, accommodation provisions, extra tickets, and post-match gatherings.
What we know about the ‘new’ Old Trafford
MANCHESTER UNITED plans to construct a new stadium instead of refurbishing Old Trafford.
This resolution followed multiple exploratory trips to various stadiums, including the Bernabeu and Nou Camp.
The estimated cost for this project stands at a staggering £2 billion.
The anticipated capacity is set at 100,000.
There is widespread agreement that a club of United’s caliber warrants a new, cutting-edge facility.
The new stadium will be built on land adjacent to the Red Devils’ current venue.
United aims not only to build a stadium but also to revitalize the Trafford area surrounding the new site.
Although there were earlier intentions to KEEP Old Trafford and convert it into a reduced secondary venue, it now seems increasingly likely that complete demolition will occur.
The club has consulted with 30,000 fans regarding their preferences, discovering a roughly equal split between those favoring renovations and those desiring a new stadium.
Foster + Partners, known for their work on Wembley Stadium, has been engaged to create the “masterplan”.
Old Trafford has been the home of United since 1910.
The target completion year is set for 2030.
