Manchester United owner Malcolm Glazer and his executive team have dropped the legal dispute over fans’ movement to get Old Trafford listed as an Asset of Community Value. The decision to turn Old Trafford into an Asset of Community Value was made in July by the Trafford council, and now gives supporters’ the power to protect the stadium if the Glazer family – or any group having financial ownership of United and/or Old Trafford – decided to list it for sale.
Under the Asset of Community Value protection, Old Trafford can’t be sold for at least six months, giving supporters and the local community time to prevent the potential sale.
The club has now confirmed that it has decided to cease its dispute over the stadium’s new status, confirming their intention of keeping the club at Old Trafford for many years to come. The club’s legal team decided that the status has no “meaningful impact” on the club’s operations.
“While we maintain it is a wholly inaccurate interpretation of the law, after further investigation, we do not believe the decision to name Old Trafford an Asset of Community Value has any meaningful impact on the Club. As a result, there seemed little point in engaging in a long, drawn-out legal process just to demonstrate a point.
“The Club is proud to have called Old Trafford home for over 100 years. Its commitment is reflected in the £90m spent upgrading Old Trafford’s facilities over the last eight years and this investment will continue as we look to ensure that it remains our home for many years to come.”
United most recently expanded the stadium to a capacity of 76,000 in 2006 by adding a second tier to the northeast and northwest quadrants of the stadium. It remains the largest stadium in the Premier League, with 16,000 more seats than Arsenal’s Emirates Stadium and 30,000 more than cross-town rivals Manchester City.