Manchester United have ruled out selling Old Trafford's naming rights
Manchester
United’s owners, the Glazer family, are planning to forego a potential
£20million-a-year windfall by rejecting the opportunity to sell the naming
rights to Old Trafford.
The
Glazers will mark the 10th anniversary later this week of their controversial
leveraged takeover of United, which plunged the club into debt to the tune of
£525million in May 2005.
The
Florida-based owners remain hugely divisive figures among the United
supporters, but although vocal hostility towards the Glazers has subsided in
recent years, any move to rename Old Trafford would risk widespread protest and
condemnation.
Quarterly
accounts published in February revealed that the club’s debt currently stands
at £380m, but Telegraph Sport understands that United’s American
owners regard stadium naming rights as off-limits as a means to further boost
Old Trafford’s commercial income, despite the increasingly lucrative market for
stadium branding and re-naming. United are due to publish their latest
quarterly accounts on Thursday.
Joel and Avram Glazer are not minded to sell Old Trafford's naming rights
The
Dallas Cowboys currently benefit from the world’s biggest naming rights deal
having secured a £16m-a-year package with communications giant AT&T for the
branding of the recently-built Cowboys Stadium in Texas.
It is
understood, however, that the Glazers remains committed to their current
strategy of securing partnership deals across the globe to bolster their
commercial income.
And with the club hopeful of return to the Champions League next
season, which will be worth at least £50m-a-year to competing clubs, there is
no desire among the Glazers or the United hierarchy to consider offering Old
Trafford to the highest bidder.
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