Manchester United have taken a major step towards building their proposed new 100,000-seat stadium.
In a press release, the club confirmed that they have secured most of the land needed for the project.
The new ground is expected to become the largest sporting venue in the United Kingdom.
It will also play a key role in the plans to transform the Old Trafford area and help to create a modern destination for sport, entertainment, business, and community life.
To make the project possible, United acquired a 25-acre site located around 350 metres northwest of the current Old Trafford stadium.
The land was purchased from industrial property company Indurent, which is part of the Blackstone portfolio.
The club will work closely with businesses affected by the development plans and support them throughout the transition process.
United have also collaborated with Trafford Council and the Old Trafford Regeneration Mayoral Development Corporation to ensure the new stadium fits into the redevelopment strategy for the area.
The goal is to create strong transport links, improve accessibility, and provide a better overall experience for supporters and visitors.
The project is part of a much bigger regeneration programme covering around 370 acres. It’s expected to provide around 15,000 new homes, including affordable housing options.
It is also projected to create 48,000 jobs in the local area and more than 90,000 jobs across the country, while contributing over £7 billion annually to the UK economy.
United’s Chief Executive for New Stadium Development, Collette Roche, described the latest development as a major milestone.
She 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.”