Sir Jim Ratcliffe is planning to rebuild Old Trafford rather than move away from Manchester United’s iconic home, per the Daily Mail.
The rebuilding of the famous stadium is reportedly very high on Ratcliffe’s agenda as the British billionaire aims to transform it into the ‘Wembley of the North’.
They are considering a five-star hotel and United-themed attractions as part of their ambitious new project. The 90,000-capacity state-of-the-art venue could also feature a ‘new Stretford End’.
The project is expected to cost upwards of £2 billion, and the INEOS chief is seeking government help to achieve his dream.
He has already held talks with local politicians regarding government involvement, including Greater Manchester Mayor Andy Burnham.
Good times ahead
The Premier League approved Ratcliffe’s acquisition of a minority stake in Manchester United earlier this week.
The Football Association will sign off the final agreement and an official statement is expected next week.
Ratcliffe and INEOS have recently taken several bold steps as they strive to transform the club’s fortunes.
In a major boardroom reshuffle, they announced Omar Berrada as their new Chief Executive Officer last month, while Newcastle United’s Dan Ashworth is also close to joining as their new sporting director.
United have suffered for years under the Glazer family, who have only been interested in taking money out of the club.
But things are about to change at Old Trafford now that Ratcliffe is in charge of the club’s football structure.
