MANCHESTER UNITED will not renovate their current stadium; instead, they will construct a brand-new $2 billion Old Trafford.
The new stadium, which will be constructed directly adjacent to the existing pitch and have a capacity of 100,000, is expected to be announced in December.
The team has visited other venues, including as The Bernabeu and Nou Camp in Spain, which have both undergone extensive renovations, on fact-finding trips.
While in Los Angeles, officials examined the SoFi Stadium, the site of United’s match against Arsenal, to evaluate the state of regeneration in the surrounding neighbourhood.
The stadium, which was built as part of the £4 billion “Hollywood Complex” to revitalise a significant portion of Inglewood, was finished in 2020.
The 70,000-seat stadium, which will host six World Cup matches in 2026, including the competition’s opening match, was entirely financed by Arsenal owner Stan Kroenke.
In addition to constructing a stadium, United hopes to revitalise the Trafford neighbourhood where the facility—which is expected to be finished by 2030—will be located.
Following Sir Jim Ratcliffe’s acquisition of a portion of United, a task team was established to investigate the possibility of renovating the existing stadium.
But a number of logistical issues may have reduced capacity while work was being done, forced the crew to relocate temporarily, or increased the cost even beyond what would have been expected for a new build.
Furthermore, it is believed that a club with United’s calibre ought to have a brand-new, cutting-edge facilities.
They are mindful of maintaining the club’s identity in the new stadium, which will be built on land adjacent to the Red Devils’ current home.
Old Trafford has been United’s home since 1910 and has undergone various extensions.
The club have consulted with 30,000 fans about what to do and believe there is roughly a 50-50 split on staying or moving.
The project’s funding is still being discussed, with the idea of a mixture of public and private funding.
United have already contacted the new Labour Prime Minister, Keir Starmer, who is said to be open to government support for wider transport links as part of the project.