Pull! Post: Manchester United offered 50 million to buy the land and the other party asked for 400 million, but it is expected to reach an agreement
On October 16, according to the "Post" report, Manchester United's plan to build a new 100,000-seat stadium at a cost of 2 billion pounds has made important progress. Manchester United are optimistic that a land acquisition agreement with Freightliner, the owner of the key site, will be reached "in the coming months". Previously, negotiations between the two sides had reached a deadlock. Manchester United offered 50 million pounds, while the other party demanded as much as 400 million pounds. The progress of this "constructive" talks means that Manchester United may not need to resort to a local "compulsory acquisition order" to solve the problem, thereby avoiding a potentially lengthy process. Once the land issue is resolved, construction plans for the new stadium designed by Lord Norman Foster and nicknamed "Wembley of the North" can begin in full, with the goal of being put into use in the 2030-31 season. Despite this, the huge construction funds of more than 2 billion pounds are still a major problem that the club needs to solve. It is reported that Manchester United will bear the construction costs of the stadium itself, but will seek government funding for wider surrounding infrastructure. In addition, the report also revisited a controversial fundraising plan the club considered in July, which was to sell "individual seat licenses" worth up to £4,000 to fans to qualify for season tickets to the new stadium.
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