OXFORD United president Tim Williams is positive the club can bring in the needed financial investment to fund a brand-new arena.
The U’s see their permit contract at the Kassam Stadium abandon June 30, 2026, with the club sending a preparation application to Cherwell District Council for a 16,000-capacity ground at The Triangle, south of Kidlington Roundabout, at the end of February 2024.
At a followers’ discussion forum last March, United chairman Grant Ferguson claimed a number of in between ₤ 130 million and ₤ 150m was the budget plan at the time for the suggested arena.
That can be funded by a blend of the club’s investors, gives, the identifying civil liberties to the arena and exterior capitalists.
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Williams informed BBC Radio Oxford’s The Dub podcast: “It’s going to be challenging because raising money to build anything in football is always a challenge.
“I think the reality is when things are going well economically from a global perspective, then sport tends to do very well and there will be no shortage of people who are making money in order to invest in sport and in football.
“The thing is with football, when things are going a little bit south economically, then football is one of those brilliantly stable industries that you would never say is recession-proof, but you would say it’s a global sport and there is still an enormous demand for it.
“Therefore, there’s then still an enormous demand for bricks and mortar, and physical assets which are less risky than somebody chucking it all into crypto.
“The people we are speaking to on a daily basis are enormously confident about how we will approach this.
“I get phone calls practically on a weekly basis saying ‘I know somebody who wants to invest in a stadium’.
“I’m very confident this is an attractive project for somebody who wants to invest in a brilliantly unique and fantastic stadium in England.”
