Man Utd announce plan to build 100,000-seater stadium worth £2bn
English Premier League club Manchester United has announced plans to build a new 100,000 stadium with land for the £2 billion pound project already secured.
The development was made known on Wednesday in a statement issued by the club’s CEO Omar Berrada who disclosed that plans for the new stadium has continued to move forward.
According to Berrada, the new stadium project is their new area of focus as the club plans for a future away from Old Trafford.
“Our other main area of focus is our plan to develop a new 100,000 seater stadium. We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium.”
He disclosed further that Manchester United are on a strong financial footing having secured record revenues and adjusted EBITDA which demonstrates the underlying strength of the club’s business.
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“We are pleased to have secured record revenues and adjusted EBITDA which demonstrates the underlying strength of our business, particularly in a season without European football.
“This shows the direct impact of the work we have been doing over the past two years. It also proves Manchester United’s enduring popularity and commercial strength. While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable.
“With that financial sustainability in mind, we have strengthened both our men’s and women’s teams during the summer window and our men’s team has seen the return of Champions League football to Old Trafford.” Berrada said.
The £2 billion project to replace Old Trafford is said to be located 350 metres north-west of Old Trafford on secured land (former go-kart track area).
The stadium will commence soon according to reports with the club targeting operations to have been completed around the 2030s or in time for the 2035 Women’s World Cup.
