The Glazer family believe that a new stadium will help increase the value of Manchester United, if they decide to sell their share of the club in the future.
Manchester United have revealed concept images of a 100,000-seater stadium it plans to build in the coming years, but construction has yet to begin because the land around the stadium needs to be acquired.
The new stadium will be the main part of a regeneration project in Manchester, with the Mayor of Manchester, Andy Burnham, heavily involved and dealing with Parliament.
Burnham recently issued a request to the government, and he will be a key figure in upcoming negotiations over the land that will be used for the stadium. He also insisted that public money will not be used to help fund the new stadium.
United fans hope the club prioritise atmosphere in the new stadium, but The Red Army recently explained to United In Focus that talks have yet to take place over that.
Man Utd value could jump to £8 billion
It has been almost two years since Sir Jim Ratcliffe purchased a minority stake in United.
This allowed United to establish a new operational structure, with Ratcliffe keen to show his sporting authority with several high-profile hires made since he became co-owner.
Unfortunately for United fans, the Glazer family remains the majority owners, retaining over 60% in the club.
Speaking on The United Stand, respected journalist Ben Jacobs claims the Glazer family want a minimum of £5billion, but there is a belief that the club could be worth £6-8billion with the new stadium.
“The Glazers want a minimum of five billion,” Jacobs said.
“And some say that number with the new stadium is more like 6 to 8 billion because that’s where they think the valuation will be between now and roughly speaking 2030.”
The Glazers will be rubbing their hands because they’re only interested in making money.
Moreover, it must be difficult for Ratcliffe and Ineos to work with these people when their intentions are purely financial, driven by the desire to profit from the football club. That has been the case since their father, Malcolm Glazer, purchased the club in 2005.
As things stand, Ineos are trying to finalise a land purchase, but until then, the construction cannot begin.
Old Trafford will not host UEFA 2028 matches
On Wednesday, the nine stadiums that will be used for Euro 2028 were revealed by UEFA, with the tournament taking place in England, Scotland, Wales and Ireland.
Even though Old Trafford is the biggest club stadium in those four countries, the stadium has been overlooked, as there is a redevelopment plan.
The Etihad Stadium has been selected instead.
It’s a shame for the players involved because Old Trafford is such an iconic stadium, plus it would be an extra revenue stream for the club in 2028
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