English soccer titans Manchester United are reportedly working on plans to build a new 100,000-seater stadium on land surrounding Old Trafford.

The new venue could cost more than UK£2 billion (US$2.57 billion) and take six years to build. The Athletic reports that it is the preferred option for minority owner Jim Ratcliffe, rather than redeveloping the team’s current home, which remains an option.

According to The Telegraph, the club’s stadium task force believes that the idea of a new build is considered the best way to transform the fan experience at games. The group, known as the ‘Old Trafford Regeneration Task Force’, is chaired by Lord Sebastian Coe, and includes the likes of Andy Burnham, the mayor of Manchester, and former club captain Gary Neville.

The task force is said to be focused on ensuring the new arena preserves the club’s heritage, particularly through its architectural design. The capacity for 100,000 fans is viewed as realistic, according to The Telegraph, given their large fanbase and high demand for tickets to watch the Premier League outfit.

In addition, Manchester United are reported by the newspaper to be exploring the development of a district surrounding the ground, including a possible hotel, an immersive entertainment centre and other amenities. They are also said to be interested in potentially linking Old Trafford and Wharfside with MediaCity on the other side of Salford Quays to create a major social and economic hub.

According to The Athletic, key figures at the English soccer giants are currently studying the SoFi Stadium in Los Angeles as a potential example to follow. The arena, which is home to the National Football League’s (NFLLos Angeles Rams, is credited with helping to reinvigorate the city of Inglewood.

Manchester United are said to hope a new stadium could have a similar impact for Trafford. They are also reported by the Telegraph to be keen on exploring a potential public-private partnership to help fund the project, with UK Prime Minister Keir Starmer thought to be open to providing government support to increase transport links.

Source: SportsProMedia

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