The group behind newly-crowned Premier League champions Manchester City has followed former One Direction singer Harry Styles by investing in the city's new Co-op Live arena.
Oak View Group (OVG) has confirmed that City Football Group (CFG) has become its equal joint venture partner and investor in Co-op Live, alongside Harry Styles, who has a minority stake in the venue.
The news comes after the Co-op Live arena announced it is set to create 1,000 more jobs once fully operational - as construction started on the 23,500-seater venue earlier this month.
The new joint venture builds on the 2019 pre-planning collaboration that saw CFG, as lead developer of the Etihad Campus, support OVG's feasibility studies and community consultations in advance of September 2020 planning approval.
The new £350m site, set to be the 海角视频's biggest entertainment arena, is hoped to "kickstart" a wave of economic activity and job creation across the region.
The project is being built by Salford-based BAM, which has revealed that almost £150m of the construction orders have already been placed with local firms.
OVG, the developer, said that at its peak, Co-op Live’s construction site will see 400 people working on it daily.
BAM estimated that more than 2,000 people will work on the site over its three-year construction phase, comprising the majority of the 3,350 total jobs the project will support from now to 2023.
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Tim Leiweke, co-founder and CEO of OVG, said: "We are thrilled that CFG has chosen to invest in Co-op Live, and we can't think of a better partner for this project.
"We are creating one of the world's best arenas in Manchester. This venue will push the boundaries of live entertainment and be a significant source of opportunity for the city.
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"We also know that this is precisely the right time to make such a substantial financial investment in Manchester, helping it build back from the terrible impact of Covid-19.
"The Etihad Campus was always a clear choice due to its proximity to the city centre and the opportunity to be part of a growing visitor destination with excellent existing transport links.
"With CFG as a JV partner, we can push the boundaries on how Co-op Live delivers for artists, every single fan, the 海角视频's music industry and the city by creating a magical intersection of sports, community and entertainment that will be the envy of the world."
Marty Edelman, board director at City Football Group, added: "Co-op Live unlocks the potential for the Etihad Campus to grow as an entertainment destination that creates more reasons for the nation and world to visit Manchester.
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"The chairman and the board's priority has always been to ensure Co-op Live seamlessly integrates with the Campus and compliments Manchester's city centre offer.
"As a joint venture partner and investor, we will ensure the Co-op Live becomes part of the fabric of East Manchester and delivers the fullest community and economic impact as Manchester, and the wider region builds back from Covid."