The Oak View Group (OVG) live entertainment company is aiming to open two new venues in London, with a reported cost of approximately £1.5 billion.
Speaking to City AM, the company revealed plans for up to two new arenas which are being considered for the UK’s capital. OVG currently operates the UK’s largest indoor arena, Co-op Live, with the new venues predicted to be larger and more expensive than the £450 million Co-op Live in Manchester.
The Co-op Live in Manchester has a total capacity of 23,500 people, dwarfing the capacity of other London venues such as the 02, which has a capacity of 20,000.
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