Man Utd debt could surpass £1bn by redeveloping Old Trafford & Carrington

Manchester United face being saddled with an overall debt in excess of £1bn if they are to persevere with redeveloping Old Trafford and upgrading the club’s training ground.

Old Trafford has been allowed to fall into a state of disrepair in recent years, with no new major work undertaken since the Glazer takeover – the last project was already underway by then and was completed in 2006 as both north quadrants were filled in.

The training facilities at Carrington have already fallen behind that of rivals such as Manchester City and Liverpool, with the latter opening a brand new training complex in 2020.

Despite the huge costs involved, failing to carry out necessary renovations and upgrades is not an option in the increasingly competitive landscape of English and European football.

In April, United confirmed they are working with a management consultant company and also the same architectural firm that built the Tottenham Hotspur Stadium to start creating a ‘masterplan’ for the redevelopment of Old Trafford.

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