Manchester United's £2 billion plans to build a 100,000-seater stadium

English giants, Manchester United, want to build a new 100,000-seater stadium to replace Old Trafford. They will announce the plans at the end of the year.

According to the Daily Mail, the project will cost the club £2 billion ($2.5B, €2.3B) and is expected to be completed in 2030. It would be the second largest stadium in Europe, behind FC Barcelona's Nou Camp, when that is fully renovated.

Old Trafford has been the home of the club for 114 years, and they will decide whether to re-develop or build the new stadium at the end of the year. The vision of the new owner, Jim Ratcliffe, is to build a state-of-the-art arena.

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The United fans will be kept in the loop on any decisions, with selling the naming rights of the current stadium being considered to help fund a new project.

Even with the backing of Ratcliffe and the Glazer family, United can't afford to fund the stadium by themselves, so the club is looking for public-private funding opportunities for the new stadium and the wider area around Old Trafford.

Sky Sports reports that the Old Trafford Regeneration Task Force has had four meetings around the project's feasibility, which would see the stadium be built on the club-owned land adjacent to the current ground.

Manchester United have been researching some of the best stadium regeneration projects across sports, including the So-Fi Stadium in Los Angeles, which has sparked life into the surrounding community.

Collette Roche, United's Chief Operating Officer, has spent time at the Bernabeu in Madrid to extract lessons on their approach, and United has spent time on Tottenham Hotspur Way.

Around 30,000 supporters have been asked if they support the project, with the vote said to be around 50-50. It is understood that Ratcliffe has his eyes set on a new stadium.

If the club can't get the funding or there is an overwhelming backlash against the idea by the fans, then United will consider renovating the current stadium. United don't want a heavily futuristic stadium and will draw inspiration from Tottenham's new arena.

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