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Old Trafford redevelopment the prime focus for new Man Utd suitors

The redevelopment of Old Trafford could be the prime area of focus for Manchester United suitors, according to Financial Times.

Back in November last year, the Glazers announced that they were exploring strategic alternatives for the club including a potential sale.

Investment firm Raine Group have since been appointed to handle the process and there has been no conclusion over many months.

Sheikh Jassim and Sir Jim Ratcliffe have made multiple bids for a takeover while there are other investors willing to accept a minority stake.

The Glazers are yet to make a final decision but once the progress is done, the redevelopment of Old Trafford could be the main priority.

The stadium has been relatively untouched since some seats were added in the corners of the pitch in 2008 and fans have voiced their concerns.

A leaky roof and flooded toilets have been highlighted through social media and Old Trafford needs a major restructuring as soon as possible.

United continue to generate the highest match revenue in the United Kingdom at €126 million but their rivals are slowly catching up on them.

For example, Tottenham Hotspur made €125m in revenue over the last financial year. 31 per cent of that came from hosting NFL events and contests.

Meanwhile, Real Madrid are set to complete a €900m overhaul of the Santiago Bernabeu.

The European champions have already secured €360m from US investment firm Sixth Street for hosting non-football activities after the work is done.

Hence, United must modernise Old Trafford as soon as possible and it is claimed that there is big scope for real estate investment with the space around.

With large open spaces within walking distance of Salford Quays, United have the opportunity to gain more revenue by adding leisure-related facilities.

The Glazers hired architects for the redevelopment project last year but plans have been put on hold due to the ongoing takeover saga over the past five months.

Hopefully, the owners will make a final decision soon. Erik ten Hag also needs to be made aware of the budget to spend on players in the next transfer window.

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