Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Soccer-Trafford Council green light Manchester United's development plan
    Headlines

    Soccer-Trafford Council green light Manchester United's development plan

    Published by Global Banking & Finance Review®

    Posted on January 28, 2025

    2 min read

    Last updated: January 27, 2026

    Image depicting Manchester United's stadium, highlighting the recent Trafford Council approval for a new 100,000-seat development, essential for local economic growth.
    Manchester United stadium development plans approved by Trafford Council - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityjob creationeconomic growth

    Quick Summary

    Trafford Council approves Manchester United's stadium plan, potentially leading to a new 100,000-seat facility, boosting local economy and jobs.

    Trafford Council Approves Manchester United's Stadium Development Plan

    By Lori Ewing

    MANCHESTER, England (Reuters) - Manchester United's plan to build a 100,000-seat stadium has taken a big step toward becoming reality, with the vision receiving the green light from the Trafford Council executive.

    The approval on Monday evening came after the British government backed the regeneration project.

    The decision to either renovate Old Trafford or build an adjacent facility is not expected until season's end, although The Times said that co-owner Jim Ratcliffe favours a new two billion pound ($2.49 billion) stadium on an adjacent site.

    The Trafford Council's next step is to appoint a "top-class consultant team" who will work with the Premier League club and other key partners to deliver a "transformational and sustainable international destination for the benefit of residents, businesses and visitors," they said in a statement.

    The regeneration proposals include creating around 48,000 new jobs and up to 15,000 new homes in the borough while adding 4.2 billion pounds to the local economy.

    "The Trafford Wharfside masterplan ... takes in the world-famous sporting institution that is Manchester United as well as other major sites including the Imperial War Museum and the Manchester Ship Canal," the statement said.

    The storied stadium, with a seating capacity of 74,310 that makes it the second largest football facility in Britain behind Wembley, opened in 1910.

    It underwent expansions in the 1990s and 2000s, including the addition of extra tiers to the North, West and East Stands. However, the stadium known affectionately as the "Theatre of Dreams" has become the stuff of nightmares, with a leaky roof and reports last month of a mouse infestation.

    ($1 = 0.8044 pounds)

    (Reporting by Lori Ewing; Editing by Christian Radnedge)

    Key Takeaways

    • •Trafford Council approves Manchester United's stadium development plan.
    • •Decision pending on renovating Old Trafford or building new stadium.
    • •Jim Ratcliffe favors a new £2 billion stadium on adjacent site.
    • •Project aims to create 48,000 jobs and 15,000 homes in Trafford.
    • •Plan to add £4.2 billion to the local economy.

    Frequently Asked Questions about Soccer-Trafford Council green light Manchester United's development plan

    1What did Trafford Council approve?

    Trafford Council approved Manchester United's plan to build a new 100,000-seat stadium.

    2What are the expected economic benefits of the development?

    The regeneration proposals include creating around 48,000 new jobs and adding 4.2 billion pounds to the local economy.

    3What is the current capacity of Old Trafford?

    Old Trafford has a seating capacity of 74,310, making it the second largest football facility in Britain.

    4What is the next step for Trafford Council after the approval?

    The next step is to appoint a 'top-class consultant team' to work with Manchester United and other partners on the project.

    5When will the decision on the stadium renovation be made?

    The decision on whether to renovate Old Trafford or build a new facility is not expected until the end of the season.

    More from Headlines

    Explore more articles in the Headlines category

    Image for UN Security Council to exempt sanctions on humanitarian aid for North Korea, source says
    UN Security Council to exempt sanctions on humanitarian aid for North Korea, source says
    Image for Several killed in Islamabad mosque explosion, say police
    Several killed in Islamabad mosque explosion, say police
    Image for Sanctions force Russia to dump naphtha into STS transfers and storage hubs, traders say
    Sanctions force Russia to dump naphtha into STS transfers and storage hubs, traders say
    Image for Trump has been clear on wanting new nuclear arms control treaty, says US official
    Trump has been clear on wanting new nuclear arms control treaty, says US official
    Image for More storms coming as Leonardo swells rivers, bursts aquifers in Spain and Portugal
    More storms coming as Leonardo swells rivers, bursts aquifers in Spain and Portugal
    Image for World food prices ease further in January, United Nations' FAO says
    World food prices ease further in January, United Nations' FAO says
    Image for Ukraine seeks to soften key condition for new IMF loan, Bloomberg News reports
    Ukraine seeks to soften key condition for new IMF loan, Bloomberg News reports
    Image for AI is not a bubble, senior executive at Nvidia supplier Wistron says
    AI is not a bubble, senior executive at Nvidia supplier Wistron says
    Image for ECB's Kazaks says significant euro appreciation could trigger response
    ECB's Kazaks says significant euro appreciation could trigger response
    Image for Former French minister Lang summoned over Epstein links, source says
    Former French minister Lang summoned over Epstein links, source says
    Image for Novo Nordisk shares rebound as FDA targets illegal drug copies
    Novo Nordisk shares rebound as FDA targets illegal drug copies
    Image for Europe, Asia lead global equity fund inflows as investors cut US tech exposure
    Europe, Asia lead global equity fund inflows as investors cut US tech exposure
    View All Headlines Posts
    Previous Headlines PostItaly's Meloni under investigation over release of Libyan suspect
    Next Headlines PostFrance's Macron announces renovation to expand capacity of Louvre museum