Utd`s dream hits the buffers - chasm in funding
Talk is cheap. It is a characteristic out of town in Old Trafford.
Last week Ducker in The Telegraph was again using his privileged position to promote utd`d stadium dreams. This week he is quieter. Why has he not provided readers with an update on the reality of the situation rather than plying PR guff?
The football club's plans for the £2bn project have been thrown in doubt due to a £350m difference in the valuation of a plot of railyard owned by Freightliner.
www.placenorthwest.co.uk
The principal beneficiaries of a new stadium, namely the Glazers, will not pay, and Ratcliffe will not pay. They are absent billionaire owners in the USA and Monaco. Yet they expect public funding to move a significant asset in Old Trafford out of Greater Manchester to Merseyside.
The club does not have the necessary land for their ideas and has just sacked half the staff but this private enterprise wants the public purse to sweeten their aspirations. There are no plans currently, just talk and a PR campaign, fronted by Coe and his new bestie mate, the GM Mayor.
The present situation is that Freightliner, who utd are pressurising to move their huge operation, have valued their land at £400m. but utd. want it on the cheap.
Last week Coe was in the USA with a begging bowl to see if anyone else will stump up for their stadium. Before that they were trying it on at MIPIM but potential investors can see through it.
It is time that the stadium charade was exposed.
Regenerate the locality and beyond but let the very rich owners of the football club pay their way.