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Manchester United is gearing up for the construction of a grand £2 billion stadium close to their current home in Old Trafford. Sir Jim Ratcliffe has announced the club’s ambitious plan to build the “greatest football stadium” on the planet.
But there are a lot of things to understand about the upcoming stadium. Manchester United thinks the bigger 100,000-capacity stadium can be completed in 5 years. Normally, a project of this size is going to take about a decade to complete.
The club plans to build large parts of the stadium off-site and later ship it to the Old Trafford area through the Manchester Ship Canal. It is going to be a modular build and can be completed far more quickly, BBC quoted Ratcliffe as saying.
Upcoming Manchester United stadium to be built close to Old Trafford
There is no confirmed starting date for the upcoming Manchester United stadium. But one thing is clear: there is no certainty that the current Old Trafford is going to be kept intact. Is it going to be demolished? Only time can tell.
The club has yet to make an announcement on the financing strategy for the stadium. There are many options on the table at the moment, such as loans, private investment or investment from Sir Jim Ratcliffe. Keep an eye out for more updates.
The stadium is to be built next to Old Trafford, in an effort to keep the essence of their current home intact. Manchester United has highlighted that the project has the potential to create 92,000 jobs and bring an additional 1.8 million visitors to the area per year.
