Manchester United To Invest £50M in Carrington Training Facility To Create A Winning Environment

Rhea-AI Summary

Manchester United (NYSE: MANU) announced a £50 million investment to modernize the Carrington Training Complex. The project, led by Foster + Partners, aims to create a high-performance environment for players and staff. Renovations will focus on gym, medical, nutrition, and recovery areas, and are expected to last through the 2024/25 season. Temporary adaptations will ensure smooth operations during the refurbishment. This project follows a previous £10 million investment in the women's and Academy building, bringing the total investment to over £60 million in the past two years.

Positive

• £50 million investment to modernize Carrington Training Complex.
• Project led by renowned architectural firm Foster + Partners.
• Focus on creating a high-performance, collaborative environment for players and staff.
• Renovations include gym, medical, nutrition, and recovery areas.
• Temporary adaptations to ensure uninterrupted operations during refurbishments.
• Total investment in facilities reaches over £60 million in the past two years.

Negative

• Renovation work will disrupt regular activities throughout the 2024/25 season.
• Temporary adaptations may not fully replace the functionality of the main facilities.

MANCHESTER, England--(BUSINESS WIRE)-- Manchester United plc (NYSE: MANU), will commence work to modernize the men’s first team building at Carrington Training Complex next week, with a focus on creating a high-performance collaborative environment for players and staff.

The £50 million project will result in all areas of the building being refurbished to deliver a world-class football facility with a positive culture to support future success.

The architectural practice Foster + Partners, led by Manchester-born Lord Norman Foster, has been appointed to lead the project. Foster + Partners has a rich history of designing pioneering football stadiums and arenas. The practice was responsible for the reshaping of Wembley Stadium and the design of the Lusail Stadium in Qatar – the centerpiece of the 2022 FIFA World Cup.

The renovation work will begin on Monday and is expected to last for the duration of the 2024/25 season. The initial focus will be on the gym, medical, nutrition, and recovery areas, with a design emphasis on creating more space for collaboration and innovation among players and staff.

Temporary adaptations will be made to the rest of the Carrington site to ensure players and staff from all our teams can continue to operate successfully next season.

This latest phase of development at Carrington follows the opening of the £10 million state-of-the-art women’s and Academy building last summer – meaning more than £60 million will have been invested in creating a truly integrated facility for our entire football department over the past two years.

Sir Jim Ratcliffe, co-owner of Manchester United, said: “We want to create a world class environment for our teams to win. When we conducted a thorough review of the Carrington training facilities and met with our men’s first team players, it was clear the standards had fallen below some of our peers. This project will ensure Manchester United’s training ground is once more renovated to the highest standards.

“Lord Foster, a fellow Mancunian, has brought some great inspiration to the design, in conjunction with the Manchester United team and we look forward to seeing the improvement to the facilities but most importantly on the pitch.”

Lord Foster, Founder and Executive Chairman of Foster + Partners, said: “We are delighted to lead the renewal of Manchester United’s training facility in Carrington.

“Our aim is to modernize and revitalize the building as a catalyst for future footballing success, creating spaces that inspire a culture of collaboration, unity and belonging.

“As a proud Mancunian, it is a particular honor for me to see Foster + Partners given this responsibility and we will ensure that our design captures the spirit of industry, grit and ambition that exemplifies both Manchester and Manchester United.”

About Manchester United

Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth. Through our 146-year football heritage we have won 69 trophies, enabling us to develop what we believe is one of the world’s leading sports and entertainment brands with a global community of 1.1 billion fans and followers. Our large, passionate and highly engaged fan base provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, broadcasting and matchday initiatives which in turn, directly fund our ability to continuously reinvest in the club.

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Investor Relations:

Corinna Freedman

Head of Investor Relations

+44 738 491 0828

Corinna.Freedman@manutd.co.uk

Media Relations:

Andrew Ward

Director of Media Relations & Public Affairs

+44 161 676 7770

andrew.ward@manutd.co.uk

Source: Manchester United plc

FAQ

What is Manchester United's recent investment in Carrington Training Complex?

Manchester United is investing £50 million to modernize the Carrington Training Complex to create a high-performance environment for players and staff.

Who is leading the renovation project at Manchester United's Carrington Training Complex?

The renovation project is being led by Foster + Partners, an architectural practice known for designing pioneering football stadiums and arenas.

When will the renovations at Manchester United's Carrington Training Complex begin?

The renovations will begin next week and are expected to last through the 2024/25 season.

What areas will be focused on during the renovation of Carrington Training Complex?

The renovation will focus on the gym, medical, nutrition, and recovery areas.

How much has Manchester United invested in facilities over the past two years?

Manchester United has invested over £60 million in facilities, including the recent £50 million investment in Carrington Training Complex and a previous £10 million investment in the women's and Academy building.