Man Utd’s new owners may have to spend billions more to improve club

Man Utd bid deadline extended as Jim Ratcliffe and Sheikh Jassim prepare offers

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Manchester United’s new owners may have to spend big once they receive the keys to Old Trafford even after forking over £5billion to secure the club from the Glazers in the first place. There are a range of issues needing to be sorted in the long-term including investing in a new stadium and training ground as well as making a number of additions in the transfer market. 

The potential takeover of United has accelerated over the past week with the Raine Group initially stating Wednesday would be the deadline for second offers. It was later pushed back to Friday after a considerable amount of confusion with Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani among those who will bid again. 

The club will not come cheap with the Glazers slapping a £5-6bn evaluation on their prized asset. It is believed the new offers could come close to the set price tag leaving the American family with the decision over whether or not to sell off their prized asset. 

Should any of the interested parties be successful, it will only be the start of the work that they need to complete at the club. There are a number of issues the Red Devils need to solve and they are not likely to come cheap, potentially costing billions more. 

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First, and most pressingly, there is the issue of Old Trafford. The United stadium was once one of the most magnificent grounds in the world but it has fallen into a state of disrepair in recent years and is no longer suitable for the modern football market. 

A significant renovation at a minimum is a necessity however a better idea may be to build a new stadium entirely, meaning the club would not have to move grounds during the duration of the works. It could reportedly cost upwards of £1.5bn to fund the building work but the payoff could be huge.

The Red Devils would be able to significantly expand their capacity while also making use of the lucrative corporate market to improve their finances long-term with Tottenham showing what is possible with their new state-of-the-art stadia.

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It is not the only major infrastructure project the club may need to undertake either with the training ground at Carrington also in need of some modernisation. Liverpool recently built a new training facility for a price of more than £50million and United may want to spend more to get something even better while the impact of inflation means a significant bill can be expected. 

There would also be important work to complete to improve on-field performances. Presuming the new owners were in place at some point before the end of the summer transfer window they may look to spend big to help Erik ten Hag. 

The Dutchman is widely reported to be on the lookout for a new No 9 with Victor Osimhen and Harry Kane his top targets. However, both players could come with fees in excess of £80m.

There would also be pressure to improve other areas of the squad including goalkeeper and central midfield. Players with the required quality will not come cheap leaving the new owners with a significant bill. 

It remains to be seen what will happen regarding the potential sale of the club in the coming weeks but it is certainly an interesting time to be a United fan.

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