Tuesday, 02 January 2024 12:17 GMT

Manchester United Eye 2030 Completion For £2Bn, 100,000-Seat New Trafford Stadium Amid Land Dispute Progress


(MENAFN- AsiaNet News)

Manchester United is in crucial land negotiations with Freightliner for their new stadium project, facing a significant price dispute. The club remains hopeful, with plans for a 100,000-seat 'Wembley of the North' designed by Lord Norman Foster. 

Manchester United are hopeful of reaching an agreement to purchase crucial land surrounding Old Trafford that will allow them to proceed with their plans for a new stadium. The club has engaged in what sources describe as 'constructive' discussions with Freightliner, the owner of a key parcel behind the Stretford End, raising optimism for a deal within the coming months.

Dispute Over Land Price with Freightliner

The transfer of land ownership has been complicated by a significant valuation gap. United has reportedly proposed around £50 million, while Freightliner is seeking an estimated £400 million. Freightliner appears to be holding out for a premium, likely aware of the club's urgent need for the site.

Potential Government Intervention

United believe that if negotiations fail, a compulsory purchase order could be used, with government involvement to set a fair price. Greater Manchester Mayor Andy Burnham has expressed support for such measures through the Mayoral Development Corporation, emphasizing the land's importance for the wider regeneration plans.

Futuristic Stadium Plans by Lord Norman Foster

The new stadium, designed by Lord Norman Foster, promises a state-of-the-art complex with a 100,000-seat capacity. The design features a large canopy to shelter fans from Manchester's weather and is intended to be a transformational venue dubbed the 'Wembley of the North.' The plans also include extensive residential development accounting for 17,000 homes.

Though securing the land is a major milestone, funding the estimated £2 billion project remains a significant hurdle. The club seeks government funding for infrastructure but will finance the stadium itself.

Fan Engagement and Ticketing Innovations

Manchester United is involving fans in consultations around facilities and costs. One notable idea under consideration involves introducing Personal Seat Licences, charging fans up to £4,000 for rights to season tickets, a move aimed at offsetting the immense costs of construction.

If all proceeds as planned, Manchester United hopes to welcome fans to their new home by the 2030-31 season, marking a landmark chapter in the club's storied history and sparking major regeneration in the surrounding Old Trafford area.

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