OXFORD United have released a statement welcoming the announcement that heads of terms have been agreed for the proposed stadium at The Triangle.

Oxfordshire County Council reported this morning that an agreement has been reached between the local authority and United.

It comes more than seven months after the council’s cabinet approved in principle the lease of land to develop a new stadium.

The U’s are looking to build a new home at The Triangle, south of Kidlington Roundabout, with the club’s licence agreement at the Kassam Stadium running out in 2026.

READ IN FULL: Heads of terms for proposed stadium agreed between U’s and county council

In February, United submitted a full planning application to Cherwell District Council, for the construction of a 16,000-capacity ground.

In a statement released this afternoon, the U’s said: “Our focus is on securing the long-term future of Oxford United and delivering on our commitments to the Oxfordshire community. The heads of terms being agreed is another step towards that ambition.

“We’re delighted Oxfordshire County Council has also given an undertaking to sign the remaining key legal and partnership agreements this week. This shows the club has met the council’s criteria and addressed their strategic priorities.”