Man Utd have reached an agreement for a plot of land near Old Trafford, which unlocks plans for a new 100,000-seater arena.
On Monday, Manchester United announced they had secured the majority of the land to build a new 100,000-seater stadium, revealing an agreement with Indurent.
United had been in talks with Freightliner to acquire land behind the Stretford End, but talks had stalled, leading the club to look at alternative options for space around the current stadium
A plot of land located approximately 350m north-west of Old Trafford was identified, and United believe they have secured a fair deal with Indurent, a leading provider of industrial space and a Blackstone portfolio company.
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.
United looked at alternative land options around Old Trafford when it became clear that talks with Freightliner were not going to be successful. The Freightliner land was seen as the perfect plot to secure plans for a new 100,000-seater stadium.
The Manchester Evening News contacted United to confirm which land the club now owns, and a graphic has been included to highlight that land, and the Freightliner-owned land behind the Stretford End.
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.
A club source described this week’s purchase as a “significant and tangible step forward”, which means Foster + Partners can now resume design work after sharing initial impressions last year.
Where the new stadium will sit is a point of interest. Enough land has been acquired to build a new stadium north west of the current ground, but that would mean a new arena is constructed further away than it would have been if the Freightliner plot had been secured.
During consultations, United fans told the club about the importance of constructing a new stadium as close as possible to the current Old Trafford. For example, Tottenham retained ‘feeling’ from White Hart Lane because their new ground is just metres away.
However, Spurs played league games at Wembley for three seasons while the Tottenham Hotspur Stadium was being built, and United are not expected to play their games at another venue to accommodate a similar construction.
Another question is what will happen to the current Old Trafford when a new stadium is constructed. United have considered scaling down Old Trafford to host women’s and academy games, but that would cost millions.
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.
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.
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.
United’s deal to acquire the necessary land was a huge step forward for the project, but the work is only getting started.
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