Old Trafford is the home of Manchester United (Martin Rickett/PA)
The club are examining their options in conjunction with the Old Trafford Regeneration Task Force (OTRTF), which includes former United defender Gary Neville, Greater Manchester Mayor Andy Burnham and World Athletics president Lord Coe among its membership.
Lord Coe confirmed on Tuesday that the OTRTF met for the final time in 2024 and has discussed its options report with the club, Trafford Council and Greater Manchester Combined Authority.
In a story reporting Coe’s update on their website, United added: “The club will continue its feasibility and commitment work into 2025, with a decision on the direction of travel regarding a redeveloped or new-build stadium expected in the summer.”
Posting on Instagram, Coe said: “Today, I had the honour of chairing the final meeting of the Old Trafford Regeneration Task Force in 2024.
“This marked the conclusion of months of feasibility work to explore ways in which the development of a world-class football stadium can catalyse regeneration of the area around Old Trafford, delivering huge social and economic benefits for the local community, and the wider region.
“This has been a multi-stakeholder process that has collected views from over 50,000 fans, plus residents, community members and businesses.
“Today we discussed the outcome of this work in the form of an options report with Manchester United, Trafford Borough Council and Greater Manchester Combined Authority to help inform their decision-making process.
Manchester United expect to choose between redeveloping Old Trafford or building a new stadium in the summer of 2025 (Martin Rickett/PA)
“At every stage we have challenged all involved to recognise the opportunity that sport presents as a powerful driver for transformational urban regeneration and that is reflected in the report.
“Manchester United will now work together with local authorities to review the findings and agree a path forward in the months ahead.”
A majority of United fans favour a new stadium rather than the redevelopment of Old Trafford, a survey released in November found.
Fifty-two per cent of more than 50,000 Red Devils season-ticket holders, members and executive club members prefer the idea of a new build, compared to 31 per cent in favour of redevelopment.