‘Man Utd may lose £15m a season resulting from state of Old Trafford and leaky roof’
Manchester United could apparently lose “upwards of £15million” in lost revenue if they move away from Old Trafford while it is redeveloped or rebuilt.
New United co-owner Sir Jim Ratcliffe and INEOS have a major problem regarding Old Trafford that will be at the top of the agenda of their regime at United. For over a year now, the roof at The Theatre of Dreams has become one of the biggest jokes and problems regarding the Red Devils.
The future of Old Trafford is yet to be decided, with a ‘regeneration’ task force in place regarding possible changes to Old Trafford and the surrounding area. A complete tear down and rebuild of the stadium has been suggested, while a redevelopment which would allow the club to remain in M16 is also a source of debate.
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Whatever decision INEOS decide to make would bring a massive financial hit. Speaking to BestAnonymousCasinos, the Head of Finance, Accounting & Business Systems at Sheffield Hallam University, Dr Rob Wilson, claimed it could cost the club upwards of £15million just to relocate during Old Trafford’s redevelopment.
Discussing the options potentially available to United if they are forced to move away from Old Trafford on a temporary basis; Dr Wilson put forward the idea of making a switch to the only stadium in the country bigger than their current home, Wembley.
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(Image: PA)
Claiming a move to the 90,000-seater stadium would see them generate more revenue than a move to a closer 60,000-capacity ground, he said: “They probably generate between £3-4 million per match through matchday sales and the additional ancillary services as well.
“If you moved out of a 75,000-seater stadium to a 60,000-seater stadium, you are probably going to lose something like £1-1.5 million per match.
By contrast, if they were to move to a bigger stadium – say for argument’s sake at Wembley – they could see themselves generate additional revenue through that.”
(Image: Offside via Getty Images)
Dr Wilson continued that the most obvious solution to ground share with rivals Manchester City for a year could see them hit financially with City unlikely to welcome the dual-use of their stadium.
He explained: “I think what we can be sure about is that Manchester City will not want to play ball and use the Etihad Stadium as a dual-use stadium while they have the work done.
“So what is clear is that Manchester United are going to have to travel somewhere in order to redevelop the stadium.
(Image: Getty Images)
“There will be a revenue hit if they have to close parts of the stadium and naturally, those teams that are in and around the North-West are much smaller in terms of venues and are unlikely to want to do a deal with Manchester United.
“It will be really interesting to see what option Manchester United go for; if they decide for a rebuild then they will need to relocate and that will cost them several million pounds as just an arbitrary figure.
“Which if they left for a few seasons could cost them upwards of £15 million or so in terms of lost revenue.”
