Sir Jim Ratcliffe attempts to find solution to solve Man Utd's £2bn problem

Manchester United are considering two potential solutions to a land battle that is threatening to delay their plans to build a new £2billion stadium. United unveiled their plans for a new ground back in March, with the club planning to demolish Old Trafford and build a brand new 100,000 capacity stadium.

Sir Jim Ratcliffe hopes the project, which he has dubbed the 'Wembley of the North', will be completed by 2030 but they are struggling to buy a critical site beside the ground that is currently owned by freight company Freightliner.

According to the Daily Mail, United believe the land is worth around £40million and they believe Freightliner are 'attempting to cash in with a significantly higher valuation'. As a result, United are looking into potential solutions to break the impasse.

It is claimed a compulsory purchase order could be used to acquire the land, with United planning to regenerate the area surrounding the new stadium as well. The report also states that United could buy a portion of land so they can build the stadium and then acquire the rest.

It is estimated the new stadium project will create up to 92,000 new jobs and more than 17,000 new homes, while it is hoped an additional 1.8 million visitors can be attracted.

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"Today marks the start of an incredibly exciting journey to the delivery of what will be the world's greatest football stadium, at the centre of a regenerated Old Trafford," Ratcliffe said of the project.

"Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport. By building next to the existing site, we will be able to preserve the essence of Old Trafford, while creating a truly state-of-the-art stadium that transforms the fan experience only footsteps from our historic home.

"Just as important is the opportunity for a new stadium to be the catalyst for social and economic renewal of the Old Trafford area, creating jobs and investment not just during the construction phase but on a lasting basis when the stadium district is complete.

"The Government has identified infrastructure investment as a strategic priority, particularly in the north of England, and we are proud to be supporting that mission with this project of national, as well as local, significance."

Former Red Devils boss Sir Alex Ferguson added: " Manchester United should always strive for the best in everything it does, on and off the pitch, and that includes the stadium we play in. Old Trafford holds so many special memories for me personally, but we must be brave and seize this opportunity to build a new home, fit for the future, where new history can be made."

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