Manchester United have revealed how much they paid to secure land for their proposed 100,000-seat new stadium, marking another significant step towards the ambitious project.
The club spent £63.5m on a 25-acre plot, with the purchase cost now confirmed in their end-of-year financial results.
Man Utd reveal cost of land purchase for 100,000-seat new Old Trafford
United announced in June that they had reached an agreement with Indurent, a leading industrial space provider owned by Blackstone, to purchase a 25-acre plot to help progress the project.
The land forms a large triangle between Wharfside Way, Europa Way and John Gilbert Way, although the club is still expected to acquire additional surrounding land.
Club sources have indicated that no major issues are anticipated, per Manchester Evening News.
United financed the purchase by refinancing a loan earlier this year, with those inside Old Trafford insisting the arrangement would not affect transfer spending.
“We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium,” chief executive Omar Berrada said.
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The acquisition follows more than a year of discussions with Freightliner over land behind the Stretford End, with reports suggesting the company valued the site at £350m.
United are now working towards a privately financed stadium project, initially estimated to cost £2billion, although an updated 2026 estimate could be significantly higher.
The club are holding discussions with potential investors and stakeholders, while naming rights are expected to form part of the funding strategy.
A previous report estimated that a stadium naming-rights deal could generate around £15m per season, or £150m over a decade.
FGG says: Man Utd's land deal brings new Old Trafford closer
Securing the land is a major milestone for United, giving the club a clearer route towards delivering a new stadium designed to accommodate 100,000 supporters.
However, the purchase is only one part of a project that will require substantial private investment, with the final construction cost and funding arrangements still to be established.
The land deal provides a clearer foundation for the stadium plans, but the real challenge will be turning that progress into a financially sustainable project.