{"id":295292,"date":"2023-11-03T12:25:20","date_gmt":"2023-11-03T12:25:20","guid":{"rendered":"https:\/\/sportslifetale.com\/?p=295292"},"modified":"2023-11-03T12:25:20","modified_gmt":"2023-11-03T12:25:20","slug":"man-utds-old-trafford-revamp-takes-shape-as-huge-ratcliffe-investment-tabled","status":"publish","type":"post","link":"https:\/\/sportslifetale.com\/soccer\/man-utds-old-trafford-revamp-takes-shape-as-huge-ratcliffe-investment-tabled\/","title":{"rendered":"Man Utd’s Old Trafford revamp takes shape as huge Ratcliffe investment ‘tabled’"},"content":{"rendered":"

What has gone wrong at Man Utd?<\/h3>\n

Sir Jim Ratcliffe will commit huge investment to improve Manchester United’s infrastructure once he completes a \u00a31.3billion deal for 25 per cent of the club, according to reports. The INEOS chief plans to fund a significant revamp of Old Trafford as part of his project, which could begin as early as this month.<\/p>\n

According to Sky News, Ratcliffe has pledged \u00a3245m of his own fortune towards upgrading United’s infrastructure on top of the \u00a31.3bn he is set to pay the Glazers family for a seat at the table.<\/p>\n

It’s claimed that the \u00a3245m investment will be staggered, but the club will receive the bulk of the sum this year, which should accelerate plans to invest in Old Trafford.<\/p>\n

The report adds that Sir Jim will provide the funding personally without adding the United’s soaring borrowings under the Glazer regime.<\/p>\n

Negotiations between Sir Jim’s INEOS camp and the Glazers are ongoing, with a deal expected to be announced within the next fortnight.<\/p>\n

United likely need substantially more investment than \u00a3245m to bring Old Trafford back among the country’s elite stadiums after the Glazers’ negligence has seen it left behind over the past two decades.<\/p>\n

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READ MORE <\/strong> Erik ten Hag’s player relationships laid bare as ‘frequent’ complaint surfaces[NEWS] <\/strong><\/p>\n

<\/p>\n

But Sir Jim is said to have pledged further investment down the line, and his initial funding could be enough to expand Old Trafford’s 75,000 capacity.<\/p>\n

In August 2022, The Times reported it would take around \u00a3200m to increase the stadium’s capacity to 90,000 and improve the club’s Carrington training ground.<\/p>\n

And last month, the same outlet claimed that a stadium expansion had been a significant part of negotiations between Sir Jim and the Glazers.<\/p>\n

Sir Jim and INEOS were said to be exploring how to add 15,000 seats to Old Trafford, extending its reputation as the United Kingdom’s largest club stadium.<\/p>\n