Reported 3 days ago
Manchester United Plc has announced plans for a new 100,000-seat stadium, but securing the £2 billion in funding poses a challenge. While lenders might cover up to £1.5 billion in debt, the club, already burdened with significant existing debt, is exploring various funding options, including government support. Despite recent struggles on the pitch, Manchester United's global stature makes it likely to attract financiers, though rising borrowing costs could complicate the effort. CEO Omar Berrada has stated that all financing options are on the table as the club aims to modernize its facilities.
Source: YAHOO