A recent economic feasibility study has revealed that the planned renovation and regeneration around Manchester United’s Old Trafford Stadium could inject £7.3 billion ($9.7 billion) annually into the UK economy.
Manchester United is currently considering two options: a £2 billion investment in a brand-new 100,000-seater stadium or redeveloping the existing 74,000-capacity Old Trafford. According to Greater Manchester Mayor Andy Burnham, no public funds will be used for the project.
Burnham has endorsed the stadium redevelopment plan, which includes creating a “mixed-use” neighborhood featuring apartment complexes, shopping centers, and new public transport links.
A study by global advisory firm Oxford Economics estimates that the project could create 92,000 new jobs, build over 17,000 new homes, and attract an additional 1.8 million visitors annually to the region.
“This could be the biggest regeneration scheme I’ve ever seen in this country,” said Burnham. “We hope it will become the best football stadium in the world, bringing significant benefits to the local community.”
United’s new part-owner, Sir Jim Ratcliffe, the UK’s richest man, has made the redevelopment of Old Trafford his top priority since acquiring a minority stake in the club.
On the pitch, Erik ten Hag’s side has had a rocky start to the 2024-25 Premier League campaign, securing just seven points from their first five matches. Manchester United will kick off their Europa League campaign on Wednesday against FC Twente.
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