Manchester United's New Co-Owner Proposes Public Funding for Old Trafford Project
Sir Jim Ratcliffe suggests taxpayer support for stadium renovation or new build, sparking debate over public subsidies for private sports facilities.
- Sir Jim Ratcliffe, Manchester United's new co-owner, suggests public funding for Old Trafford's renovation or new stadium construction, citing potential for regional regeneration.
- Ratcliffe's proposal has sparked debate over the use of taxpayer money for private sports facilities, with comparisons to U.S. practices where public subsidies are common.
- Manchester United, one of the world's richest clubs, is exploring options for Old Trafford's future, including a possible new 90,000-seater stadium.
- Critics argue that public funds should not support projects benefiting wealthy club owners, emphasizing the need for private investment in sports infrastructure.
- The discussion highlights broader issues of regional investment and the role of sports in urban regeneration, with Ratcliffe pointing to a 'southern bias' in UK's national sports venues.