Man United confirm how new £2bn stadium will be funded
Manchester United have now confirmed how they plan to fund their ambitious plans to build a new 100,000-seater stadium.Ambitious planIn March last year, United announced their intention to pursue a ne...
Man United confirm how new £2bn stadium will be funded Manchester United have now confirmed how they plan to fund their ambitious plans to build a new 100,000-seater stadium. Ambitious plan In March last year, United announced their intention to pursue a new 100,000-seater stadium as the centrepiece of the regeneration of the Old Trafford area. It’s believed that the project will eventually contribute to the construction of 17,000 new homes and the creation of 92,000 new jobs.
It has been earmarked to add over £7bn per year to the UK economy. United unveiled conceptual images and scaled models of what the new stadium and surrounding area could look like once completed. Co-owner Sir Jim Ratcliffe said it will be “the world’s greatest football stadium.
” What has been in question is how the project will be financed. Ratcliffe suggested that some public funds should be directed towards the new stadium. This proposal was quickly shot down by Andy Burnham, the Mayor of Manchester, although the surrounding infrastructure could still receive such support.
Now, United have confirmed that the new state-of-the-art arena will be financed privately. The Red Devils have further noted that “positive discussions” are ongoing regarding the matter. Old Trafford update A United spokesperson said during the March Fan Forum, “Our proposed new stadium will be financed privately, and we continue to have positive conversations with potential investors and all stakeholders.