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Manchester United aim to have their new stadium built and ready to host the 2035 Women's World Cup final.
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Sir Jim Ratcliffe unveiled plans for a 100,000-seat stadium near the current Old Trafford site more than a year ago.
Sir Jim Ratcliffe
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Sir Jim Ratcliffe said he hoped to complete the stadium construction within a five-year timescale.
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The five-year construction timescale begins when Manchester United receive approval to start work on the stadium site.
Collette Roche, Chief Executive of New Stadium Development
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"We did say it would take between four and five years for construction. People read that as we might have the stadium ready for 2030. But it does take one or two years to get ready for construction; to get the land assembled, to get the funds in place and to get the planning permission."
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Manchester United have not named an opening date for the new stadium.
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Manchester United plan to host international sporting and entertainment events at the new stadium.
Andy Burnham, Mayor of Greater Manchester
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Andy Burnham said he has an ambition for the stadium to host the Women's World Cup final in 2035.
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The Mayoral Development Corporation is chaired by Lord Coe.
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The Mayoral Development Corporation is part of the Old Trafford Regeneration scheme, of which Manchester United's stadium is intended to be the centrepiece.
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The Old Trafford Regeneration scheme requires multiple stakeholders to align plans and timescales.
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Manchester United have not yet acquired the land for the new stadium site.
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There has been discussion about using Freightliner terminal land, but the stadium could be built without purchasing that land.
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Stadium development planning includes deciding on access routes, public transport links, and locations of 15,000 new houses to minimize impacts from stadium events.
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Manchester United have not determined required construction materials until final plans are in place.
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Manchester United have not decided whether the Manchester Ship Canal will be used for transportation.
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Manchester United have not estimated the total cost of the new stadium because planning details are not finalized.
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Manchester United sources expressed confidence that financing will be available for the stadium project.
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Sir Jim Ratcliffe and the Glazer family could finance the stadium project using their own money.
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Financing the stadium with their own money would keep ownership under Manchester United's umbrella and not dilute Ratcliffe and the Glazer family's stakes.
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The Glazer family have been criticized for taking money out of the club rather than investing it back in.
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The Glazer family's 2005 takeover of Manchester United was funded with the club's own money.
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Manchester United currently have debts in excess of £1bn, including outstanding transfer fees.
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Borrowing additional funds for the stadium has been questioned due to the club's existing debt levels.
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Manchester United could form a new company for the project with external investors purchasing stakes.
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If a separate company is formed and Old Trafford is used as collateral for existing debt, the arrangement's mechanics are unclear.
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Manchester United's men's first-team squad is the most expensive part of the club's spending.
Collette Roche, Chief Executive of New Stadium Development
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"I'm delighted to say we've had a lot of interest. There's a lot of people and organisations that want to invest, not just in the stadium, but also in the wider stadium district. Those conversations are naturally going to be behind closed doors."
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It is anticipated the land acquisition situation for the stadium will be resolved in a matter of months.
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Once land acquisition is resolved, Manchester United plan to proceed with planning strategy, procurement strategy, and high-level engineering design.
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Planning permission will be submitted after finalizing the engineering design.
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Fans will be shown detailed stadium designs once planning permission is submitted.
Collette Roche, Chief Executive of New Stadium Development
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"Same ambition, same vision. We want to build a stadium that's befitting of our past, but also fit for the future."
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