Manchester United’s Old Trafford Revamp: Project Could Inject £7.3 Billion into UK Economy
Manchester United’s proposed regeneration of Old Trafford has the potential to significantly boost the UK economy by up to £7.3 billion, according to a report by global advisory firm Oxford Economics.
The club recently shared details about the ambitious project at the Labour Party Conference in Liverpool, which includes plans for a new 100,000-capacity stadium.
Commissioned by United, Oxford Economics outlined the project’s expected impact, forecasting the creation of 92,000 new jobs, the construction of over 17,000 new homes, and an influx of 1.8 million additional visitors each year.
This initiative is spearheaded by billionaire Jim Ratcliffe, who took a minority stake in the club in February and has expressed his vision of transforming Old Trafford into a “Wembley of the North.”
Old Trafford update 🏟️
— Manchester United (@ManUtd) September 23, 2024
An economic report has explored the benefits of regenerating our stadium and surrounding area ⤵️#MUFC
While Ratcliffe initially indicated he might seek government assistance for funding, Greater Manchester Mayor Andy Burnham has suggested that public money may not be involved.
He noted the project’s potential as a catalyst for growth across the North West and mentioned that it could also benefit the Liverpool City Region, particularly with ongoing plans for a strategic rail interchange in St Helens.
This ambitious redevelopment aims not only to enhance the stadium experience but also to stimulate the local economy and infrastructure.
Manchester United’s Old Trafford Revamp: Project Could Inject £7.3 Billion into UK Economy
