Manchester United land ownership latest after Old Trafford project update

Need to know

Man Utd announced they had reached a deal to acquire a key plot of land for their new stadium project on Monday.

All you need to know about Manchester United’s land ownership around Old Trafford…

1. The Manchester Evening News contacted United to confirm which land the club now owns, and a graphic has been included at the bottom of this article to highlight that land, and the Freightliner-owned land behind the Stretford End.
2. After striking a deal with Indurent, who have sold the land in the top left corner of the graphic, United now own a significant portion of land around Old Trafford to accommodate a 100,000-seater stadium.
3. The plot of land acquired is a 25-acre triangle, located between Wharfside Way, Europa Way and John Gilbert Way. United have acquired the majority of the plot, but there is still some to purchase – although club sources have said no problems are expected.
4. Now that the land has been secured, Foster + Partners can resume design work after sharing initial impressions last year.
5. United estimated that a new stadium alone would cost £2billion, but an updated estimate in 2026 could double costs. The club is already saddled with a record level of £1.3bn debt.
6. The project will be financed privately, and “positive conversations” with potential investors and stakeholders are ongoing. United will sell the naming rights of the new stadium to raise capital.
7. Earlier this year, The Sponsor compiled a European stadium naming fair market value report, which outlined that United could bank around £15m per season, equating to £150m over 10 years.
8. Sir Jim Ratcliffe initially floated the idea of taxpayers partly funding the project, but that notion was rejected by politicians.
9. United have earmarked July 9 to announce more stadium details, including further details of the stadium site, and to reveal the formal consultation period.
10. Read more: Man United transfer news LIVE: Morgan Rogers update, Mateus Fernandes latest, Brian Brobbey link