Manchester United has secured the majority of the land required for a new 100,000-seat stadium near its current Old Trafford site. The club acquired a 25-acre site from Indurent, a Blackstone portfolio company, to facilitate the development of a new sporting arena. This project is part of a larger 370-acre regeneration project expected to deliver 15,000 new homes and 48,000 local jobs. Manchester United is a professional football club operating in the sports and entertainment industry.

Manchester United Football Club Limited issued $550,000,000 in 5.36% Senior Secured Notes due June 10, 2031, to prepay existing 2027 Notes and for general corporate purposes. Red Football Limited also amended and restated its term and revolving facility agreements to align with the new note purchase agreement and extend the term facility maturity to June 10, 2031. Manchester United plc operates in the professional sports industry as a football club owner and operator.