Sir Jim Ratcliffe has revealed he will not be overseeing the construction of a new stadium for Manchester United as he closes in on a 25% stake in the club.
Ratcliffe is close to purchasing a stake in the club from the Glazers in a deal that will see him take control of football operations at Old Trafford. Should the deal go through, the billionaire will pump around £245million into the 13-time Premier League champions to help improve their infrastructure.
However, while Ratcliffe is committed to improving United's training ground and other facilities, he's ruled out building a new stadium in place of Old Trafford, which is in dire need of attention.
READ MORE:Man Utd looking at ex-Crystal Palace boss Dougie Freedman to join Jim Ratcliffe revolution
READ MORE: Sir Jim Ratcliffe 'to dump Man Utd trio' bought for £200m in January fire sale
The Daily Mail claim Ratcliffe is not interested in building a new £1.5bn stadium in place of Old Trafford, but will instead opt to renovate the iconic ground, alongside improving their facilities.
It has also been confirmed that the majority of Ratcliffe's money that he will put into the club in the short-term will be done to help improve Carrington, with around £150m to £200m earmarked for that development.
Would you rather see Old Trafford redeveloped or demolished and rebuilt? Let us know in the comments section below.
Join the Daily Star's WhatsApp for the sexiest headlines, showbiz gossip and lots more
The Daily Star is now on WhatsApp and we want you to join us!
Through the app, we'll send you the sassiest showbiz stories, some naught headline and a seismic smattering of aliens…along with the latest breaking news of course.
To join our community, all you have to do to join is click on this link, select 'Join Chat' and you're in!
No one will be able to see who has sign up and no one can send messages except for the Daily Star team. We also treat our community members to competitions, special offers, promotions, and adverts from us and our partners.
If you don’t like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose Exit group. If you’re curious, you can read our Privacy Notice.
CLICK HERE TO JOIN
While all the news around Ratcliffe and his bid to buy a stake in United continue to swirl around the club, on the pitch Erik ten Hag's team returned to winning ways on Saturday with a narrow 1-0 win over Luton Town.
Having succumbed to a dramatic 4-3 defeat to FC Copenhagen in the Champions League in midweek, leaving their hopes of qualifying for the knockout stages hanging by a thread, a win by any means necessary was just what United needed ahead of the international break.
Sky Sports is bringing you 500 live football games to watch, as well access to Cricket, Golf, F1, Boxing, NFL, NBA and more across eight dedicated channels. Sky Sports is the only way to watch all the action this year.
£22 a month
Defender Victor Lindelof scored the only goal of the game for United against the Hatters to put United sixth in the table. They will resume their Premier League campaign away at Everton after the international break.
Source: Read Full Article
