Manchester United to build iconic stadium

Manchester United to build iconic stadium – massive project

Manchester United has thrown its support behind the Government’s growth agenda by announcing its intention to pursue a new 100,000-seater stadium as the centrepiece of the regeneration of the Old Trafford area.

Sir Jim Ratcliffe, co-owner of Manchester United, said: “Today marks the start of an incredibly exciting journey to the delivery of what will be the world’s greatest football stadium, at the centre of a regenerated Old Trafford.

“Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport”.

Old Trafford has been Manchester United ‘s home since 1910.

United’s decision came after an extensive consultation process around whether to develop the existing stadium or build a new one.

United say the entire project has the potential to create 92,000 new jobs. It will involve the construction of 17,000 homes and bring an additional 1.8 million visitors to the area annually.

They add the project will be worth an additional £7.3bn per year to the UK economy.

Lord Sebastian Coe, chair of the Old Trafford Regeneration Task Force, said: “Today marks an important step forward in what I firmly believe can be the biggest and most exciting urban regeneration project in the UK since the 2012 London Olympics.”

Coe: I am proud to have helped lay the groundwork as chair of the Old Trafford Regeneration Task Force over the past year and would like to thank my fellow members for their contributions.