Manchester United has formed a 'strategic partnership' with Trafford Council and the Greater Manchester Combined Authority to explore options for a new or redeveloped Old Trafford stadium, which could spur significant area regeneration. The Old Trafford Regeneration Task Force, chaired by Lord Coe and including figures like Gary Neville, is focusing on the possibility of a new 100,000-capacity stadium rather than renovating the existing site. A definitive decision on the direction of the project is expected later this year. The advisory team, led by an independent director, will align with the Trafford Wharfside master planning process and will provide guidance to enhance social and economic benefits for the region. Coe emphasized the potential for this project to connect with broader regional growth initiatives, creating a development of national significance. Greater Manchester Mayor Andy Burnham highlighted the cultural importance of ensuring the future of Old Trafford is managed properly.