Manchester City is considering expanding the capacity of its home field.
The Premier League club — owned by City Football Group — plans to conduct studies to determine the viability of a new development project centering on Etihad Stadium.
- The stadium has a capacity of 53,400, and expansion would make it more than 60,000.
- A development project would include a hotel, a new club shop, and a museum.
- The club will hold formal consultations in early 2023.
The potential expansion of Etihad Stadium is part of a larger plan by CFG — which has full or partial stakes in 13 soccer clubs — to make the area a year-round entertainment destination.
In May 2021, California-based development and investment firm Oak View Group agreed to a joint venture partnership with CFG to build Co-op Live, a $495 million indoor music and entertainment arena next to Etihad. The venue is scheduled to open in late 2023.
Co-op Live comes on the heels of strong financial results for Manchester City.
The club generated $815 million in revenue for the financial year ending June 30 — a $50 million increase compared to the year prior.
Pitching New Places
Paris Saint-Germain is reportedly considering moving from Parc des Princes, its home since 1974.
Everton has broken ground on a $694 million stadium set to open in the 2024-2025 season, while AC Milan and Inter Milan plan to build a new $1.3 billion stadium slated to open in 2027.
Chelsea is reportedly looking to build a new stadium on the Stamford Bridge site.
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