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Comments 9 Sport Steven Railston Manchester United writer 13:15, 23 Sep 2026 View Image What the new Old Trafford could look like.(Image: Manchester United) Manchester United paid £63.5million to acquire land to unlock their 100,000-seater stadium project. Article continues below In June, United announcedthey had reached a deal with Indurent, a leading provider of industrial space and a Blackstone portfolio company, to acquire a 25-acre plot of land to push on with their stadium project. United did not confirm the cost of the purchase when the update was announced, but the club's end-of-year financial figures have revealed that £63.5m was paid. Article continues below Get YOUR Man United Newsletter Get the best United news, updates and analysis straight to your Inbox courtesy of the Manchester Evening News! To get it, it's a simple one-two punch. 1. Head THIS WAY 2. Enter your email and hit Subscribe. READ MORE Manchester United confirm cost of sacking Ruben Amorim and his staff Omar Berrada sends Manchester United warning after latest financial results United have financed the £63.5m purchase by refinancing a loan earlier this year. Club sources have claimed it will not impact spending in the transfer market, as the loan was refinanced specifically for land purchase. "We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium," Omar Berrada said as the financial results were published. Get the latest MEN breaking news on WhatsApp Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Join us on WhatsApp The land acquired is a large triangle, located between Wharfside Way, Europa Way and John Gilbert Way. There is still some land for United to purchase around the plot - but club sources have said no problems are expected. United had been in talks with Freightliner to acquire land behind the Stretford End, but talks had stalled over cost, leading the club to look at alternative options for space around the current stadium. Freightliner and United were locked in talks for over a year, with reports suggesting they valued the land at £350m. FOLLOW OUR MAN UNITED FB PAGE!Latest news and analysis via the MEN’s Manchester United Facebook page Club insiders were delighted when the deal to acquire the alternative plot of land from Indurent was announced, believing they had struck a fair deal. United estimated that a new stadium alone would cost £2billion, but an updated estimate in 2026 could double costs, despite the club being saddled with a record level of debt. Article continues below 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. POLL Are you convinced Carrick is the right man for United after late rescue act vs Fulham? 4135+ Votes so far Yes No Unsure Next ENJOYED THIS STORY? Choose Manchester Evening News as a 'Preferred Source' on Google News for quick access to the news you value. 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Curated by Taleb Kabbara · Source: www.manchestereveningnews.co.uk