Manchester United finally confirm how they will fund £2billion Old Trafford project
Man United have confirmed a new 100,000-seater Old Trafford will be financed privately, and 'positive conversations' with potential investors and stakeholders are ongoing. Sir Jim Ratcliffe initially floated the idea of taxpayers partly funding the £2billion project.
When plans for a new stadium were announced, Ratcliffe said: "People in the north pay their taxes, and there is an argument you could think about a more ambitious project in the north which would be fitting for England, for the Champions League final or the FA Cup final."
Andy Burnham, the mayor of Manchester, had stated that no public funding would be granted for the stadium itself, but the club had not gone on record to clarify how it would be funded.
That changed at the latest fans' forum when a United spokesperson said: "Our proposed new stadium will be financed privately, and we continue to have positive conversations with potential investors and all stakeholders."
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