Manchester United’s owners hope to make a final decision on whether to spend more than £2bn on a new 100,000-seat stadium by the end of 2024.
The club are expecting to make a final decision on whether to build a new stadium or redevelop Old Trafford before the end of the year.
Club sources confirmed the group has already met four times, with discussion largely centred around a new-build rather than renovating the existing stadium, which would cost around £1.2bn and take longer to complete.
The project is set to cost in excess of £2 billion ($2.6bn) with United hoping to deliver a stadium with a capacity of between 90,000 and 100,000 built by 2030.
Co-owner Sir Jim Ratcliffe has previously said he would prefer to build a new stadium on the site of the existing stadium, potentially using land behind the Stretford End.
The club also promised fans will be consulted before any decision is made on potentially selling the naming rights to the new venue but admitted “all options” for funding the project would have to be considered. The task force will look at all financing options, including a private-public partnership.
