sport news Sir Jim Ratcliffe 'to commit £245m to improve Man United's ageing ... trends now
Sir Jim Ratcliffe will reportedly pledge to invest $300m (£245m) to improve Manchester United's ageing infrastructure as he prepares to take a 25 per cent stake in the club.
Mail Sport revealed last month that Ratcliffe had agreed to take a minority stake at Old Trafford after Qatari businessman Sheikh Jassim bin Hamad al-Thani pulled out of the race to buy the club.
Despite the Glazer family still remaining in majority control at United, Ratcliffe is expected to take a hand-on approach to the day-to-day running of the club.
He has set his sights on improving United's infrastructure, and the billionaire will unveil plans to spend £245m on fixing the matter later this month, according to Sky News.
This will be as part of his deal to take a 25 per cent stake, although the deal still needs to be ratified despite being agreed.
Sir Jim Ratcliffe has pledged to invest £245m to improve Man United's infrastructure
This is not expected to delay the investment, though, as Ratcliffe is expected to hand over the majority of the money to the club before the end of the year.
It is also understood that Ratcliffe will fund the investment himself, and will not add to United's existing borrowings.