Manchester United to build a new 3.7 trillion-won stadium, voices of concern internally may be difficult to recruit during the construction of Manchester United CEO

Mar 12, 2025

Reuters Yonhap News

There were also voices of concern within Manchester United.

Manchester United has unveiled plans for a new 100,000-seat stadium. Manchester United ambitiously announced plans to build the largest stadium in England on the 11th (Korea time). It plans to invest 2 billion pounds (3.763 trillion won) to build a new 100,000-seat stadium near Old Trafford (OT).

United have used Old Trafford as their home stadium since 1910. Old Trafford, dubbed the 'dream stadium', has the pride and history of the 'world's best club' United. However, Old Trafford will be demolished when the new stadium is completed after heated debate.

Manchester United co-owner Sir Jim Ratcliffe expressed his ambition, saying he wants to build the world's greatest football stadium. Manchester United hope the new stadium will be completed within five years.

The architects of Foster and Partners, who will design the project, said the new stadium features a 'Umbrella' design and a new public square 'double the size of Trafalgar Square'. The design will feature three masts called 'Triple Window'. Architects explained that the mast would reach 200 meters high and be visible from 25 miles away.

AFP Yonhap News

However, Manchester United, which has a total debt of 1 billion pounds (about 1.881 trillion won), did not say how it plans to pay for the stadium. Manchester United CEO Omar Berada said "Very attractive investment opportunities" I'm sure we'll find a way to finance stadium construction."I was confident. As much as 2 billion pounds (about 3.7 trillion won) is expected to be spent on this project. Verada said the focus was on attracting private investment instead of government financial support.

However, he did not deny the financial burden. Manchester United has lost more than 300 million pounds (about 500 billion won) over the past three years. The iconic former coach Alex Ferguson's Ambassador contract was canceled and a large-scale restructuring began. I decided not to even give you a free lunch.

Arsenal and Tottenham, who built new stadiums, have had difficulty maintaining their performance during the construction of the stadium. Verada also acknowledged that the funds needed to strengthen the squad could be reduced. He said "That's definitely a risk factor. I want to avoid such a situation. I want to remain competitive while building a new stadium."

Manchester United said its goal is to move to a new stadium before the 2030-2031 season. However, it is true that there are more negative responses than positive ones.

This article was translated by Naver AI translator.