Nigeria, March 11 -- Manchester United has announced its intention to build a new 100,000-capacity stadium as the centerpiece of the regeneration of the Old Trafford area.

According to the club, the stadium and the wider regeneration project have the potential to deliver an additional £7.3 billion per year to the UK economy, bringing large-scale social and economic benefits to the community and the wider region. These include the possible creation of 92,000 new jobs, more than 17,000 new homes, and attracting an additional 1.8 million visitors annually.

Conceptual images and scaled models of what the new stadium and surrounding area could look like were unveiled on Tuesday by Foster + Partners, the architecture group appointed to d...