As reported Michael Sheen takes the lead role as legendary football manager Brian Clough, and Spall will play his right hand man Peter Taylor while Broadbent plays Sam Longson.
Backers are BBC Films, Columbia Pictures and Screen Yorkshire. Sony Pictures Entertainment has worldwide rights.
The project has been developed by Andy Harries (now of Left Bank Pictures) and Christine Langan of BBC Films, they will produce with Grainne Marmion. Harries and Langan also worked with Sheen and Morgan on The Queen.
The shoot will be held in locations in Yorkshire, Leeds, Derbyshire and Spain.
Ben Smithard, who worked on Cranford, is the director of photography, costumes are by Mike O'Neill (Elizabeth I), Jan Achibald (La Vie En Rose) is hair and make-up designer, and Eve Stewart (Topsy Turvy) is production designer.
'Peter Morgan has skilfully adapted a screenplay from wonderful source material that we are delighted to have developed, and along with director Tom Hooper, we have a story that we hope will amuse and fascinate in equal measure,' said Andy Harries. 'We are thrilled that the exceptionally talented Michael Sheen is taking on the role of Brian Clough and with support from Timothy Spall, Colm Meaney and Jim Broadbent we have assembled a cast that we are extremely excited about.'
BBC Films' Christine Langan added: 'The Damned United is an urgent and compelling movie about success, hunger and love. BBC Films is thrilled to be working with some of Britain's top talent and to be part of this passionate portrait of a footballing legend, Brian Clough, a one-off in the game of life as he was in football.'
Deborah Schindler, president of International Motion Picture Production at Sony Picture, which will release in 2009, said: 'We are very excited to be involved with this talented group of filmmakers who have such a proven track record in making internationally appealing and award-winning British movies. The Damned United is a universally entertaining story focusing on one of Britain's true sporting icons and the most dramatic episode in Brian Clough's extraordinary career.'