Man Utd's £2 billion stadium construction plan keeps encountering obstacles as the UK government refuses to fund the new Old Trafford project.
The ambition to build the “Theatre of Dreams” a new version of Manchester United continues to struggle after the UK government announced it will not provide any financial support for the project.
According to the plan revealed in March, Man Utd intends to build a brand-new stadium on the Old Trafford site, with a capacity of up to 100,000 seats. This flagship project was initiated by Sir Jim Ratcliffe, the club’s co-owner who acquired a 25% stake in February 2024.
The British billionaire aims to transform the area into one of Europe’s most modern sports and entertainment hubs, replacing the outdated Old Trafford that has stood for 115 years.
However, according to i Paper, the UK Treasury will not allocate any funds for the project, despite Ratcliffe’s earlier hopes of receiving support through the Trafford Park redevelopment program, a government-backed initiative to boost Manchester’s economy. The reason given is that next year’s budget will prioritize tax increases and public finance balancing over spending on sports projects.
Sources also revealed that discussions between the Treasury and the Greater Manchester Combined Authority have only focused on housing redevelopment plans, with no “official involvement” from Man Utd or Trafford Council. This has caused the project’s licensing and approval process to nearly stall since the start of the year.
Previously, the government pledged £600 million investment for Greater Manchester in the 2025–2026 fiscal year through an integrated deal with the West Midlands. However, this budget does not include any allocation specifically for the Old Trafford project.
The Premier League champions have stated 20 times that they are not seeking public funds to build the stadium, which is estimated to cost between £2 to £3 billion, but they believe government support is necessary to complete infrastructure, transport, and redevelopment projects around the area.