Manchester United co-owner Sir Jim Ratcliffe called the chance to develop a world-class stadium and regenerate the Old Trafford area a “once-in-a-century opportunity” as Lord Coe was named chair of a new joint task force.
The Red Devils will not be moving away from Old Trafford but have options to redevelop the current ground or build a new one on adjacent club-owned land.
New minority owner Ratcliffe recently said redevelopment will cost around £1billion but favoured a new £2billion stadium that would be among the best in the world.
The Ineos chairman recently said he sees no issue with United seeking state support for a new ground and financing will be one aspect of the ‘Old Trafford Regeneration Task Force’, which will explore “the development of a world-class football stadium at the heart of the project” to regenerate the area.
United co-owner Ratcliffe said: “This can be a major regeneration project for an area of Greater Manchester which has played such a key role in British industrial history, but which today requires new investment to thrive again.
“The north-west of England has a greater concentration of major football clubs than anywhere else in the world, yet we don’t have a stadium on the scale of Wembley, the Nou Camp or Bernabeu.
“We will not be able to change that on our own, which is why this task force is so important to help us seize this once-in-a-century opportunity.”
Lord Coe, the London 2012 chief, has been named as chair of a task force comprised of local leaders and national experts, including Andy Burnham, Mayor of Greater Manchester, and former United captain Gary Neville.
The Glazer family, who remain majority owners of the Premier League club, were conspicuous by their absence from the press release and list of task force members.
The task force “will assess the feasibility of a new stadium of national significance equipped to host international games and finals, as well as providing a modernised home for Manchester United”.
Lord Coe said: “Throughout my career in sport, I have seen the potential for stadiums to become focal points for strong communities and catalysts for social and economic development.
“That was certainly true of the venues we built in east London for the 2012 Olympics, and we are overdue a project of similar scale and ambition in the north of England.
“I am honoured to have this opportunity to share my experience in support of this tremendously exciting project.”
Ratcliffe met local leaders even before his minority stake received ratification last month to discuss the potential for redevelopment of Old Trafford and the surrounding area.
The Ineos chairman met with Burnham during that period and the Mayor of Greater Manchester has hailed the “bold and exciting vision for the future of Old Trafford and the surrounding area.”
“The development of one of the most iconic stadiums in world football will help attract investment, create jobs, and lead to new opportunities that will not just benefit Trafford but communities across our city-region and beyond,” he said.
“Greater Manchester has been a hive of innovation and creativity for centuries, and sport has played a huge role in shaping our past and present.”
An economic impact study will be commissioned as part of a project that will involve close consultation with fans and local residents.
The task force is expected to make recommendations later this year and Neville is excited to be involved in plans for United’s home and the local area.
“I’m incredibly fortunate to have had the privilege of playing hundreds of games at Old Trafford, and no one can take away those amazing memories,” Neville, who co-owns Hotel Football opposite the stadium, said.
“But Old Trafford has evolved throughout its history and it’s clear we are at a point where it has to change again to ensure that Manchester United has a world-class stadium befitting the world’s greatest club.
“While I want the best for Manchester United, I also want the same for the surrounding community.
“Old Trafford should be a stadium that the whole of Greater Manchester can take pride in, and be a catalyst for sustainable, cohesive growth in an area of the city that has been neglected for too long.”
Wilder laments "complete lack of leadership" as Blades' relegation confirmed
Chris Wilder feels his Sheffield United side's "complete lack of leadership" has been a key factor in their relegation from the Premier League.
The Blades will be playing Championship football next term after a dismal one-season return to the Premier League in which they have won just three of their 35 league outings.
Sheffield United's 25th league defeat of the season confirmed their relegation as they were hammered 5-1 away at Newcastle United on Saturday despite Anel Ahmedhodzic putting them in front at St James' Park.
A drubbing ensued after Alexander Isak's leveller, and the final whistle condemned the Blades to the second tier with three games to spare.
In Wilder's view, the club needs to rectify a lack of on-field guidance if the Blades are to bounce straight back up, embodied by the tough outing at St James' Park.
Wilder told the BBC's Match of the Day. "There are plenty of games where we have been put to bed early but today we should have been 3-0 up at half-time. I'm scratching my head that it was 1-1.
"Newcastle up their game and get a head of steam. Then our old mistakes start to fall in and goals go from two to three to four to five pretty quickly.
"There's a reason why that happens. It's an incredibly young side and there is a complete lack of leadership out there. I thought at times I was going to have a heart attack in terms of trying to get the messages on."
Wilder acknowledged there could be tough times ahead for the club, though he hopes he retains the trust of the fans having been brought in for his second spell as Blades manager midway through the season following the sacking of Paul Heckingbottom.
"It's going to be a tough summer for everybody," Wilder continued. "We have not been good enough. The league has been too powerful for us right the way through the season.
"Sheffield United is a really good football club. I think everyone understands that but it's been a really poor season.
"I've still got another year left of my contract. I'd like to think that the supporters can trust me. I'm enthusiastic and committed along with my coaching staff to get it right. We know exactly what direction we need to go, what the culture is going to look like, what pre-season is going to look like."
Huddersfield Town all but relegated from Championship while League Two play-off fate is decided
Huddersfield Town saw their relegation all but confirmed after a 1-1 draw with fellows strugglers Birmingham City.
The Terriers avoided a defeat that would have seen them relegated on Saturday, but even a win on the final day over promotion hopefuls Ipswich Town will not be enough unless they overcome a huge goal difference of 15 goals with Plymouth Argyle.
Birmingham remain in the other relegation place and now must beat Norwich City to stand a chance of staying up with Sheffield Wednesday, Plymouth and Blackburn Rovers also still in danger.
At the other end of the table, the Canaries dropped points in a 2-2 draw with Swansea City, leaving the door open for Hull City, who face Ipswich Town later today.
Ten Hag bemoans late Burnley equaliser - 'It's so unnecessary'
Erik ten Hag was left frustrated as Manchester United "gave it away" against a spirited Burnley, who held them to a 1-1 draw at Old Trafford.
The Red Devils were on course to claim all three points when Antony pounced on Sander Berge's error to open the scoring in the 79th minute, as they looked to close the gap on fifth-place Tottenham to four points.
However, the hosts could not hold on as Andre Onana was penalised for a foul on Zeki Amdouni, who picked himself up to level from the penalty spot and salvage a point for the visitors three minutes from time.
Ten Hag was made to rue his side's wastefulness as they converted just one of their 27 shots on goal throughout the contest.
"We put ourselves in a winning position and, over long courses of the game, we dominated," he told the BBC. "We played some good football - creating loads of chances - and then to give it away in the end in the final minutes, it's so unnecessary.
"Every team gives up opportunities. But, when it is up to us, it is weird. We created loads of chances as well. We are one of the most dynamic and entertaining teams in the league at this moment. We are creating loads of chances by playing good football.
"We lost control in the second part of the first half when we conceded some chances, but the rest of the game was ours. We were in a winning position, and we gave it away."
Meanwhile, Vincent Kompany saluted the character demonstrated by Burnley, who boosted their Premier League survival hopes by moving to within two points of safety with three games remaining.
"We are where we are in the league for a reason, so not everything can be perfect, but the mentality was perfect - the togetherness, the sacrifice for each other," the Clarets boss said.
"There is tremendous consistency in the club and the approach to each game, even in tough times. We've earned the right to believe and hope."
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