Moon Sports > Football > Rumors of a sudden sale of Manchester United may involve land speculation for a new stadium.
Rumors of a sudden sale of Manchester United may involve land speculation for a new stadium.
During the national team match, news of a sale of Manchester United suddenly came out. The main content was that if the Glazer family sold all its shares in Manchester United, the asking price would not be less than 5 billion pounds. It was also reported that the buyer was from a consortium from Saudi Arabia or the United Arab Emirates. Insiders of Manchester United believed that behind the above rumors, there might be a big land speculation involved.
According to local British media reports, Manchester United Football Club’s recent major plan is to rebuild the Old Trafford Stadium. It plans to spend 2 billion pounds to build a new stadium in the surrounding area that can accommodate 100,000 spectators, and build it into one of Europe’s football meccas.
Ratcliffe, the owner and shareholder of Manchester United, is currently actively looking for funds to build a new stadium. At the same time, the naturalized land holders of the new stadium are planning to sell these lands. At this time, news of Manchester United's sale spread like wildfire. Insiders of Manchester United suspected that someone took the opportunity to spread the news to raise the land transfer price.
The report also pointed out that the largest owner of land around the Old Trafford Stadium is French shipping tycoon Saad. Saad has a business relationship with Al Sheikh of the Saudi consortium, one of Manchester United's potential buyers. Now that news of Manchester United's sale has spread, Al Sheikh also quickly clarified on social media: "I am not a potential buyer, I am just a fan of Manchester United. I want the sale rumors to come true as soon as possible."
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