"Manchester United intends to build a new stadium on land owned by the club next to the current Old Trafford stadium, Sky Sports reports.
According to the source, the Red Devils' working group concluded that building an arena for United would be a more promising option than reconstructing the existing one. The new facility will have a capacity of 100,000 spectators, making it the largest stadium in the UK.
The club is considering public-private financing for the construction of the arena and the reconstruction of the surrounding area. "Manchester United may also sell the rights to the stadium's name, but the management will consult with stakeholders, including fans and local residents, on this matter.
"Old Trafford opened its doors in 1910. It is the largest football stadium in England after Wembley, with a capacity of over 74 thousand spectators.