£300m of public money for Old Trafford
Drip by drip the truth is emerging.
Allegedly there is a £20bn shortfall in public finances. Cuts have to be made. However, a previously never mentioned scheme is now put forward as a priority and Burnham wants up to £300m (it will probably be 50% more if it happens) to shift a freight terminal in Trafford to St Helen`s. This just happened to co-incide with the land on which the freight terminal is currently located being essential to Man Utd PLC needing it to build a new ground.
Who makes this stuff up - "£7.3 billion annually for the UK economy, create 92,000 jobs nationally, more than 17,000 new homes". These are fantasy figures.
The truth is that public money is essential to help the absent, billionaire Glazers, and the billionaire Ratcliffe. Neither want nor intend to pay for the new ground. They want others to pay for that. And others to pay for the land acquisition and supporting infrastructure without which it can not happen.
All this is speculative and conceptual. Man Utd PLC club representatives were at MIPIM pitching their speculative ideas to speculators in the hope of attracting others to pay for a new stadium.. They said that their plans were “at the very early stages”.
There are no plans ! The costs are guestimates that will exceed £2b as happens with every major project. The timescales are unrealistic.
There is not sufficient land in the PLC`s ownership to build a stadium and utd.do not have the money even if they had all the land. This week Ratcliffe said that utd. would have gone bust if he had not sacked 400 staff. The same week he wants to build a new stadium !
Burnham is not daft. He is though disingenuous like many politicians. Reeves is the same. A marriage made in heaven.
The fact is that this is a huge PR and begging bowl exercise led by publicity desperate politicians who want public money to help billionaires who own a PLC by getting the public and private sectors to pay for it but not the owners of the club.
Manchester mayor has stressed that ‘no public money’ will be spent on Manchester United’s proposed £2 billion new stadium itself
www.telegraph.co.uk