Sir Jim Ratcliffe makes choice on new Man Utd stadium – and it might value £3bn

On Mar 8, 2024

Sir Jim Ratcliffe has determined to construct a brand new stadium for Manchester United that he expects will value as much as £3billion.

The improvement would happen on land near Old Trafford the membership owns. And when full it would turn into the most costly sports activities stadium in world soccer.

New United investor Ratcliffe has set-up a process power to discover the choices for regenerating the Old Trafford space of Greater Manchester. The ‘Old Trafford Regeneration Task Force’, which incorporates former United star Gary Neville, will deliver collectively native leaders and nationwide specialists and be led by Lord Sebastian Coe.

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Ratcliffe, who’s Britain’s second richest man, thought-about revamping Old Trafford at a price of £1billion. But he has determined to knock it down and construct a model new floor.

Fellow United house owners the Glazers have given the inexperienced gentle for the challenge. And it is hoped the brand new stadium will host worldwide video games and main finals.

New part-owner Sir Jim Ratcliffe has bold plans for the Red Devils
(Image: PA)

Joel Glazer and Avram Glazer (L) — He has the blessing of majority house owners the Glazer household
(Image: AFP through Getty Images)

Lord Coe stated: “Throughout my career in sport, I have seen the potential for stadiums to become focal points for strong communities, and catalysts for social and economic development.

“That was definitely true of the venues we in-built east London for the 2012 Olympics, and we’re overdue a challenge of comparable scale and ambition within the north of England. I’m honoured to have this chance to share my expertise in help of this tremendously thrilling challenge.”

A general view of what AI thinks the inside of Old Trafford would look like — The new Man Utd stadium might host host worldwide video games and main finals
(Image: Lord Ping)

Ratcliffe desires United to have essentially the most state-of-the-art stadium within the sport and is prepared to half fund the challenge from his private fortune of £40billion. But the INEOS chief will look to draw funding companions from each the private and non-private sector.

Ratcliffe desires the challenge to additionally embody housing, leisure, enterprise and schooling amenities that may create job and appeal to new funding to the realm. United followers have been consulted, with most of them in favour of leaving Old Trafford for a brand new floor.