Manchester United has admitted that their massive £2 billion investment in a new stadium, dubbed “New Trafford,” could mean the club might go without winning a trophy for five years.
The club recently revealed their plans for a modern, 100,000-seat stadium to be built near their current home, Old Trafford.
This announcement followed shortly after co-owner Sir Jim Ratcliffe stated that the club was in danger of financial collapse before his intervention.
The stadium project has the support of former manager Sir Alex Ferguson.
Chief executive Omar Berrada hopes that the current manager, Ruben Amorim, will still be leading the team when the new stadium is completed around 2030.
When questioned about the potential impact of the stadium construction on the team’s performance, Berrada admitted it is a risk.
“It’s definitely a risk we want to avoid,” Berrada stated.
“We aim to maintain our ability to invest in the team and remain competitive while building the new stadium.”
“We are exploring ways to shorten the construction time, aiming for completion within five years. In the meantime, by improving our financial health and achieving profitability, we believe we can remain competitive.”
Berrada highlighted that Manchester United’s large global fanbase gives them a strong financial advantage.
Construction is expected to begin this year, with the goal of moving into the new stadium for the 2030-31 season.
The Manchester United Supporters Trust (MUST) described the stadium designs as impressive but raised concerns about the project’s implications.
MUST questioned whether the development would lead to higher ticket prices, burden the club with more debt, and reduce investment in the playing squad.
Ferguson endorsed the plans, stating that Manchester United should always aim for the best and that this new stadium is a bold step towards the future.
The club plans to continue playing at Old Trafford until the new stadium is ready.
Berrada clarified that public funds would not be used for the stadium project, which will also include fan areas and a new club store.
He also mentioned that selling the naming rights for the new stadium is being considered as a way to generate revenue.
Berrada expressed hope that Amorim would still be the manager when the club moves to the new stadium, stating, “We’d love it if he was still coach when we move.”
Manchester United’s chances of qualifying for the Champions League next season depend on winning the Europa League this season.
Berrada concluded, “Champions League qualification would significantly increase our revenue and ability to further invest in the team.”
