Man Utd warned Old Trafford demolition and rebuild would cost £1.5 BILLION and put club in more debt

MANCHESTER UNITED’S plans to rebuild Old Trafford could cost £1.5billion – making it the most expensive stadium in England.

Last week it was announced that club chiefs were considering a complete revamp of Old Trafford.

Man Utd could have to pay up to £1.5billion to rebuild Old TraffordCredit: Getty

The stadium has been in use for 112 years, but United officials are now considering plans to demolish it.

Due to the rising cost of essential materials, the new build will become the most expensive stadium in England – surpassing the £1.1billion home of Tottenham.

It is understood that the Red Devils will cover the extreme costs with loans and bonds.

But, the club have been presented with two other options.

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A £400million extension to the Sir Bobby Charlton stand is one possibility.

The work would increase the capacity of the stadium to 80,000.

Another alternative is to leave the structure of the building as it is, but completely upgrade the corporate and spectator facilities.

The improvements would match the modern facilities that the likes of Arsenal, Tottenham and Manchester City have implemented in recent years.

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According to the Daily Mail, the idea of a £400million extension is the most appealing option to the club’s owners.

They have also revealed that fans will likely be consulted on any potential developments.

Man Utd legend Gary Neville recently backed the plans for a new build and argued that it’ll be the best way forward.

On an Instagram Live, he said: “There is a story emerging from Old Trafford that they might rebuild the entire stadium and I have just been asked what I think of it.

“I actually think that it would be the right move.

“I think by the time that they have spent money on Old Trafford, the existing one, then I think you would be better off building a brand new, better, super stadium.

“I do think that Manchester United should always be at the forefront of stadiums, have the best facilities and they have fallen behind.”

Source: Soccer - thesun.co.uk

Man Utd warned Old Trafford demolition and rebuild would cost £1.5 BILLION and put club in more debt

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