Manchester United 'could boost UK economy by £7bn' with plans for Old Trafford

Further details astir Manchester United's hopes for a caller stadium, seating 100,000, were revealed astatine the Labour Party Conference successful Liverpool connected Monday

Manchester United’s projected regeneration of Trafford Park could boost the UK system by up to £7.3billion, according to planetary advisory steadfast Oxford Economics.

United unveiled further details astir the project, which is centred connected a caller 100,000-capacity stadium to regenerate existent home, Old Trafford, astatine the Labour Party Conference successful Liverpool connected Monday.

Oxford Economics, who were commissioned by the nine to analyse the economical feasibility of the project, outlined what they judge volition beryllium its tremendous impact. The steadfast recovered the project, which is being spearheaded by billionaire Ineos main Sir Jim Ratcliffe, could besides present 92,000 caller jobs, much than 17,000 caller homes and an other 1.8million visitors per year.

Since buying a number involvement successful the nine successful February, which efficaciously enactment him successful complaint astatine Old Trafford, Ratcliffe has spoken of his tendency to make a “Wembley of the North” upon the footprint of the club’s existing home.

Although Ratcliffe initially hinted helium could prosecute authorities assistance successful bid to money the project, the imaginable of utilizing nationalist wealth appeared to beryllium ruled retired by Greater Manchester Mayor Andy Burnham.

Burnham told ITV : “It could beryllium the catalyst for maturation crossed the North West.

“This strategy could besides bring benefits to the Liverpool City Region. They person plans for a large strategical obstruction interchange conscionable disconnected the M6 successful St Helens. If we relocate the freight down the existent Old Trafford, that volition assistance that strategy spell forward.”

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