Manchester United has acquired a 25-acre site to develop a new stadium with a capacity of 100,000 seats, which would make it the largest sporting venue in the UK.
The site has been purchased from Indurent, a Blackstone portfolio company specialising in industrial spaces.
According to a statement from the Premier League club, the site is situated approximately 350m north-west of the club’s existing Old Trafford stadium.
Manchester United, which is co-owned by the Glazer family and Sir Jim Ratcliffe, has described the land acquisition as an important development in its broader plan to modernise the Old Trafford area.
Old Trafford, which has been the home of Manchester United since 1910, has a seating capacity of 74,879.
Manchester United’s New Stadium Development CEO Collette Roche said: “Today’s news highlights the progress we’re making towards a world-class new home for Manchester United and represents a significant milestone as we move into the next phase of development.
“Being able to build so close to Old Trafford allows us to preserve the heritage, traditions and rituals that are so important to our fans. We are committed to building a world-class stadium with our supporters, not just for them, with atmosphere, affordability and accessibility at the heart of our thinking.”
The purchase forms part of broader regeneration efforts for the district, with plans expected to spur the creation of thousands of new homes, jobs and additional economic activity.
Manchester United reported that it is directly engaging with the businesses affected by the development to assist them during the period of transition.
Collaborations with Trafford Council and the Old Trafford Regeneration Mayoral Development Corporation (OTRMDC) are ongoing, aiming to align the stadium’s placement with the wider district strategy and to ensure connectivity and the best possible experience for spectators.
The broader regeneration area encompasses approximately 370 acres.
According to the club statement, the initiative is projected to deliver around 15,000 new homes, including affordable options.
It is also expected to contribute over £7bn annually to the national economy, while supporting the creation of 48,000 local jobs and more than 90,000 roles nationwide.
Further details about the stadium site and consultation process are expected when the OTRMDC outlines its regeneration vision on 9 July.
