Back in 2020, Peterborough announced that they were actively seeking to move from the Weston Homes Stadium. Along with the local council, the club planned to build a new stadium with an initial capacity of 17,500 but with the potential for future expansion.
The club didn't feel as if investment in the existing stadium was worthwhile but in the years since, the new plan have never really gotten off the ground. Originally, the stadium was meant to be completed bu the 2022/23 season but now in 2024, it is no closer to being built than it was when the club first announced the grand plans.
Peterborough United new stadium: What the new owner has said
The club itself has gone through plenty of upheaval over the past four years. In addition to fluctuating between League One and the Championship, the ownership of Peterborough United has changed hands.
Darragh MacAnthony became the majority shareholder in 2023 and he has reignited belief that a new stadium could be on the cards once again. MacAnthony's preferred destination for the stadium is on the Embankment and in a recent interview, he said:
“My missions are zero debt, a team worth £50-60m, stadium resolved, new stadium down the line, push up the leagues, a style of football our fans love and just growth, growth, growth.”
“We have a long-term lease on London Road, there’s nearly 20 years left on that. Me, Randy and Jason own the current stadium and we’re going to deal with that. I have said to both, if the new stadium comes up again, be involved.
“I’m happy for them to be involved. I still think it can happen. It isn’t down to ownership issues or debts, it boils down to the land and the council.”