Man Utd to construct ‘iconic’ £2bn 100,000-capacity stadium near Old Trafford | EUROtoday

Manchester United, presently £1bn in debt, are but to say how they plan to pay for the stadium.

It will type a part of a wider regeneration of the Old Trafford space, predicted to be the most important such venture within the United Kingdom because the transformation of the Stratford space that accompanied the 2012 Olympics in London. Chancellor Rachel Reeves has already given authorities backing to the plans.

United say all the venture has the potential to create 92,000 new jobs, will contain the development of 17,000 houses and produce a further 1.8 million guests to the world yearly. They add the venture will likely be value a further £7.3bn per 12 months to the UK economic system.

“Today marks the start of an incredibly exciting journey to the delivery of what will be the world’s greatest stadium,” mentioned Ratcliffe.

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

“I feel we might properly end up with essentially the most iconic soccer stadium on the planet.”

The stadium will likely be constructed utilizing pre-fabrication, shipped in 160 parts alongside the neighbouring Manchester Ship Canal.