United 'unlikely' to get public funding for £2bn revamp
Manchester United and Sir Jim Ratcliffe are “unlikely” to get the green light to have public funds to help pay for their planned £2billion “Wembley of the North” replacement for Old Trafford.
Sun Sport reported on the plans by the Ineos chief to move United from the club’s home of 114 years to a brand new state of the art ground on land adjacent to the stadium.
The new ground would be the centrepiece of a sports and entertainment complex.
Sir Jim, Britain’s second richest man, is considering seeking help for local and national government funds to bring the ambitious plans to fruition.
But while it is understood to be possible that a significant regeneration scheme could be considered by the Department of Levelling Up, Housing and Communities, it appears that major hurdles would stand in the way.
So far there has been no approach made to the Government, although Sir Jim is believed to have had discussions with Greater Manchester Mayor Andy Burnham.
Manchester City were gifted the Etihad Stadium after the 2002 Commonwealth Games while West Ham have a long term lease on the London Stadium, main venue for the 2012 Olympics.