Manchester United, currently 1 billion pounds sterling of debt, should not yet say how they plan to pay the stadium. The CEO of the club, Omar Berrad, said that he was convinced that it was “a very attractive investment opportunity” and that he was “quite confident that we will find a way to finance the stadium”.
It will be part of a broader regeneration of the Old Trafford region, which was the largest project of this type in the United Kingdom since the transformation of the Stratford region which accompanied the 2012 Olympic Games in London. Chancellor Rachel Reeves has already supported government.
United says that the entire project has the potential to create 92,000 new jobs, will involve the construction of 17,000 houses and will provide 1.8 million additional visitors each year. They add that the project was worth 7.3 billion additional sterling pounds per year to the British economy.
“Today marks the start of an incredibly exciting trip to the delivery of what will be the largest stadium in the world,” said Ratcliffe.
“Our current stadium has used us brilliantly in the past 115 years, but it has been late on the world of world sport.
“I think we could finish well with the most emblematic football stadium in the world.”
He said that there was no date in place when building work on the stadium would start, adding: “It depends on the speed with which the government obtains the regeneration program. I think they want to go fairly quickly.”
The stadium will be built using prefabrication, shipped in 160 components along the neighboring channel of the Manchester ship.
