Manchester United, today, announced that it plans to build a [new, state-of-the-art stadium](https://www.manutd.com/en/news/detail/Statement-Man-Utd-confirms-ambition-to-build-a-new-stadium-at-Old-Trafford?t=y&utm_source=twitter&utm_medium=link_post&utm_campaign=muwebsite), which will be the biggest in Britain, rather than refurbish Old Trafford.
"Today marks the start of an incredibly exciting journey to the delivery of what will be the world's greatest football stadium, at the centre of a regenerated Old Trafford," Manchester United co-owner and British billionaire Jim Ratcliffe said in a statement.
There has been much debate within the club, and among the fans, on whether to redevelop the existing stadium or to build a new one. Old Trafford has been the club's home since 1910. Ratcliffe, who became a minority owner of the club in February last year, had expressed his wish for a new stadium that he termed "Wembley of the north".
### **Seating capacity, cost and venue of Manchester United’s new stadium**
The 74,140-seat Old Trafford stadium has not had any major renovation since 2006, leading to leaking roof and rodent sightings, which had attracted severe criticism from fans.
The new stadium, set to come up beside the Old Trafford, is expected to cost two billion pounds or $2.59 billion, and is expected to have a seating capacity of 100,000.
### **Who are building Manchester United’s new stadium? Design details revealed**
As part of a regeneration project, Manchester United appointed Foster + Partners in September last year to develop a master plan for the area around Old Trafford.
The architectural designs for the new stadium unveiled by the club show an umbrella design."This has to be one of the most exciting projects in the world today," Norman Foster, Foster + Partners' executive chairman, said in a statement. “The stadium is contained by a vast umbrella, harvesting energy and rainwater, and sheltering a new public plaza that is twice the size of Trafalgar Square."
### **Benefits of Manchester United’s new stadium**
British Finance Minister Rachel Reeves recently confirmed the government’s support for United’s plans for the new stadium. The club has claimed that the project will create over 90,000 new jobs and lead to the construction of 17,000 homes. It also said the new stadium will bring in an additional 7.3 billion pounds annually to the country’s economy.