Manchester United have ruled out selling the naming rights for Old Trafford despite a 12% rise in the club’s debt. The recent developments sees the United hierarchy not to cash in on a stunning £20m-a-year deal.
Mark Ogden had earlier written in his column for the Daily Telegraph that United’s debt currently stands at £380m but the Glazer family have decided against the re-naming of the club’s iconic stadium.
United’s executive vice-chairman Ed Woodward has also claimed that there are no plans to enter into such an agreement in the near future. Woodward said, “I think the comment was that we had no intention of doing a process to sell naming rights relating to Old Trafford.