The club released new concept images and a promotional video highlighting how ambitious new stadium would look as well as the surrounding areas on their official website.

Ratcliffe also released a statement which said "Today marks the start of an incredibly exciting journey to the delivery of what will be the world’s greatest football stadium, at the centre of a regenerated Old Trafford.   
 
“Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport. By building next to the existing site, we will be able to preserve the essence of Old Trafford, while creating a truly state-of-the-art stadium that transforms the fan experience, only footsteps from our historic home. 
 
“Just as important is the opportunity for a new stadium to be the catalyst for social and economic renewal of the Old Trafford area, creating jobs and investment, not just during the construction phase, but on a lasting basis when the stadium district is complete. The Government has identified infrastructure investment as a strategic priority, particularly in the north of England, and we are proud to be supporting that mission with this project of national, as well as local, significance.”

It has been estimated that the project, once completed, could generate an additional £7.3bn to the UK economy whilst creating over 90,000 new jobs and 18,000 new homes.

Andy Burnham, mayor of Greater Manchester, said: “Our common goal on the Task Force has been to try to unlock the full power of the club for the benefit of its supporters and for Greater Manchester as a whole - creating thousands of new homes and jobs. If we get this right, the regeneration impact could be bigger and better than London 2012. Manchester United could, and indeed should, have the best football stadium in the world.

"To me, that means a stadium that is true to the traditions of the club, affordable to all, with nobody priced out, and a stadium that sets new standards in the game globally. I believe this vision can be realised, and if so, the benefits for Greater Manchester, the north west and the country will be huge.”