Manchester United plans new £2bn stadium, supported by Sir Alex Ferguson

Manchester United has announced plans to replace Old Trafford with a new 100,000-capacity stadium, a move supported by former manager Sir Alex Ferguson. The ambitious project, estimated to cost around £2 billion, aims to revitalize the Old Trafford area and contribute approximately £7.3 billion annually to the UK economy while creating tens of thousands of jobs. Co-owner Sir Jim Ratcliffe emphasized that the new stadium is designed to reflect the stature of the club, with construction expected to be expedited using the Manchester ship canal for component transport. Ferguson highlighted the need for bravery in this transition, acknowledging the emotional attachment many fans have to Old Trafford, which has been home for 115 years. The project is part of a broader regeneration initiative and aims to be completed by 2030, with planning and consultation phases beginning soon. This redevelopment marks a significant shift for the club as it seeks to enhance the fan experience and modernize its facilities.