Peterborough United has confirmed that plans for the club’s new stadium are moving forward following a short delay due to the Covid-19 pandemic, with a moving in date pencilled into the schedule.
Following a meeting at the Weston Homes Stadium, the new stadium has been given the green light to resume and the co-owners, Stewart Thompson, Jason Neale and Darragh MacAnthony are pleased to announce that the new ground should be ready to open in January 2023, subject to the necessary planning permission, funding and construction timetables.
The club had hoped to open a new stadium in time for the 2022/23 season with capacity for 17,500 fans, potentially rising to 23,000 but this was delayed.
The club is working closely with the City Council on the plans, which will form part of the master development of the Embankment, which also includes the new Anglian Ruskin University, a technology centre, pubs, restaurant and additional entertainment venues.
In February 2020, Embankment Properties, which is made up of the three Posh co-owners, and Peterborough City Council (PCC), signed a key Memorandum of Understanding outlining a collaborative agreement and shared vision for a major, landmark development for Peterborough United FC and the people of Peterborough and surrounding communities. Thompson said:
Throughout this process, we have worked closely with the Peterborough City Council and shared our vision of the future and they have been extremely positive, and we have worked well together. Nobody could foresee how Coronavirus would affect everything, but despite a pause in our progress, it is great that we now have the green light to continue down our path and look forward to moving into the new stadium, which will not only be fantastic for the football club but for the surrounding community too, in January 2023.
The planned new stadium – which has been inspired by the Groupama Arena in Budapest, the home of Ferencvárosi TC – will hold large concerts and events as well as Posh matches.