The chief executive officer of Manchester United, Richard Arnold, has issued a warning to the club that they will be "disciplined" in their plans to improve the facilities at Old Trafford.
Early on in this year, the club made the decision to hire Populous as master planners in order to evaluate various options for the redevelopment of the stadium, and they are currently continuing to work on potential options.
Old Trafford has been the target of criticism in recent years due to the fact that, in terms of facilities, it has fallen behind newly constructed stadiums, and the Glazer family has acknowledged that investment is required.
Arnold stated during a call with investors that although the club is committed to providing fans with the facilities they deserve, they will not overspend given the current state of the club's finances. Arnold's comments came after United had announced their most recent financial results.
Arnold stated that the patrons of Old Trafford deserved "excellent facilities and experiences" when they attended matches because "we believe they deserve it.
"At the beginning of this year, we decided to hire master planners so that we could investigate the possibilities of redeveloping our stadium as well as the land that is owned by the club that surrounds it. We are in the early stages of a project that will take several years, and before making any final decisions, we will continue to solicit input and feedback on these potential courses of action from our supporters and various other stakeholders. In due time, we will provide an update to the market on our progress.
"While we continue to be committed to long-term investments in the stadium, we will be disciplined in our capital plans. These plans must be sustainable, and we will be mindful of the macroeconomic pressures and inflationary environment that are currently impacting the economies of the UK and wider global economies."
Arnold also emphasized the club's desire to continue communicating with fans, despite the fact that the club has attempted to improve in this area in the wake of the European Super League project.
"We know that the strength of Manchester United rests, ultimately, on the passion and loyalty of our fans," he said. "In that regard, we couldn't be more grateful." "Because of this, increasing the amount of participation from fans is one of our top strategic priorities. As a new channel for board-level dialogue between fan representatives and the club, its management and owners, we launched our Fans' Advisory Board in January. Since then, this model has been embraced by the Premier League as a mandatory model for other clubs to follow."
Arnold acknowledged that United had finished sixth in the Premier League despite performing below the expected standards on the pitch during the previous season, but he believes that they are now on the right track.
He stated that it was obvious that their on-field performance, which resulted in them finishing sixth in the Premier League the previous season, did not live up to their aims and expectations.
"As a result, we have implemented significant and essential changes, such as appointing Erik ten Hag as the new head coach of the men's first team and strengthening the playing squad during the summer transfer window.
"I want to emphasize that we are working tirelessly behind the scenes to create the conditions for continued success in football," said the speaker. This includes continued investments in the training facilities at Carrington, with additional improvements planned for the women's and academy teams in the near future.
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