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.
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. I have no idea where that £20m came from. We are not sitting here with an offer we are ignoring, no."
Premier League clubs that sold their soul:
Arsenal - Emirates Stadium
Bolton - Macron Stadium (formerly Reebok Stadium)
Leicester City - King Power Stadium (formerly Walkers Stadium)
Hull City - KC Stadium
Stoke City - Britannia Stadium
and so on...