Manchester United says it has secured most of the land required to build a new 100,000-seat stadium as part of the regeneration of the Old Trafford area.

The club acquired a 25-acre site 350m north-west of the current stadium from Indurent, a Blackstone portfolio company.

It said it will engage directly with businesses impacted by the plans to support them through the transition period.

The club said the new stadium, set to be the biggest sporting arena in the UK, will help catalyse the regeneration of the surrounding district, creating what it called “one of the most dynamic and globally significant sporting and entertainment destinations in the world”.

This 370-acre regeneration project is expected to deliver 15,000 new homes, including affordable housing, create 48,000 local jobs and add more than £7bn a year to the UK economy.

‘Affordability and accessibility’

Collette Roche, chief executive of Manchester United’s New Stadium Development, said: “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.”

She added: “Securing the right land for our new home has been absolutely critical, and the land we’ve acquired gives us the stage to deliver a truly world-class stadium that honours our past and is ready for our future.”

The OTRMDC will publish its vision for the Old Trafford Regeneration on Thursday 9 July, when further details of the stadium site and the formal consultation period will also be revealed.