Manchester United are contemplating an ambitious project to build a new 100,000-capacity stadium adjacent to Old Trafford.
This plan is seen as the best way to improve the matchday experience and create new revenue opportunities.
A task force led by Lord Sebastian Coe, which includes key figures from the club and local government, has been formed to oversee the project.
According to The Athletic, the group has already held multiple meetings to discuss the feasibility of the new stadium, with an estimated cost exceeding £2 billion.
The proposed stadium aims to retain the iconic elements of Old Trafford, such as its red brick exterior and distinctive roof.
Additionally, the club is considering a wider development around the stadium, featuring restaurants, shops, and entertainment venues, akin to the SoFi Stadium in Los Angeles.
Financing the project presents a significant challenge, with potential sources including investment from owner Sir Jim Ratcliffe, naming rights sponsorships, and borrowing.
The club is also exploring public-private partnerships to enhance infrastructure in the surrounding area.
Fan engagement is a key focus, with the task force establishing a sub-group to consult with supporters on their vision for the new stadium.
Manchester United believes that a modern, world-class stadium is crucial to maintaining their status as a global football powerhouse.
Although the project is still in its early stages, a final decision is expected by the end of the year. The club is confident that the new stadium can be completed within six years, allowing matchday operations at Old Trafford to continue during construction.
As they prepare for the 2024-25 season, the Red Devils are on a tour of the United States. Erik ten Hag’s team recently faced a 2-1 defeat against Arsenal in their latest pre-season match.
