The Manchester club unveiled a report from Oxford Economics on Tuesday, September 24, detailing the potential impacts of constructing a new stadium to replace Old Trafford.

As the weeks go by, Manchester United's stadium project continues to make progress. On Tuesday, the club published the initial findings of a report commissioned from Oxford Economics regarding the potential economic repercussions of building a new 100,000-seat stadium to replace Old Trafford. The independent consulting firm, one of the most prominent in the world, focused on the economic impacts of the project, indicating that it could generate nearly €8.77 billion annually, along with the creation of approximately 92,000 new jobs, 17,000 homes, and the attraction of an additional 1.8 million visitors each year.

A Neighborhood to Redesign

To complement this report, the club has hired Foster + Partners to create the first designs for the future stadium. This is a significant detail, as the renowned architecture firm has worked on the renovation of Wembley and the construction of the Lusail Stadium, which hosted the last World Cup final. "As a proud Mancunian, I am excited about the opportunity to build on Manchester's great industrial legacy, creating a new dynamic mixed-use community, serviced by highly sustainable and improved transport links, providing housing and jobs for the local community, all catalyzed by a world-class stadium for the world's most famous football team - Manchester United," commented Lord Norman Foster, who is originally from Stockport, on the outskirts of Manchester.

In fact, beyond the stadium itself, the aim is to transform the entire Trafford Wharfside area. Both the club and the Manchester city council are seeking to revitalize the region to make it more attractive and dynamic. "We have a clear vision for the transformation and revitalization of the club's land around Old Trafford, and we know that Foster + Partners is the best partner to help us develop these plans. This area of Greater Manchester is ready to welcome significant new investments and thrive again," stated Collette Roche, operations director of the Red Devils.

This study will complement the work carried out by a team led by Lord Sebastian Coe, Greater Manchester Mayor Andy Burnham, and former player Gary Neville, who are assessing the feasibility of a project estimated at over €2 billion, funded through private investment.