Manchester United will ask the state for money to reconstruct the legendary stadium

After the acquisition of Manchester United by the company INEOS led by Sir Jim Ratcliffe, the club confirmed its intention to reconstruct the stadium and transform it into a world-class arena. However, the Mayor of Manchester stated that the investment cannot solely come from the British billionaire and United, and that public funds will be required for the infrastructure renovation around Old Trafford.

He said:

"It must be a public-private partnership. Even the reconstruction of Old Trafford should be a public-private partnership. There would be no point in pouring public money into a new stadium. We're not talking about that. We're talking about a complex regeneration scheme that could become the largest in the north of England in our times. The strength of this club is immense to us. We need to prepare it for the 21st century, and in doing so, I believe we will bring huge economic benefits to our residents. It's about broader opportunities."

The legendary home arena of Manchester United has remained virtually untouched for the past eighteen years. Many former players of the team complain about the current state of the stadium.