sport news Sir Jim Ratcliffe's proposed £245M infrastructure investment 'will not touch ... trends now
A planned £245million infrastructure injection from Sir Jim Ratcliffe ‘will not touch the sides’ when it comes to a redevelopment of Old Trafford.
Mail Sport understands Ratcliffe’s £1.3bn deal for 25 per cent of the fallen Premier League giants, which is thought to be the first step of a structured buyout, is likely to be announced in the next fortnight, although that schedule is subject to change.
And Ratcliffe is also likely to commit £245m from his own personal fortune to improving infrastructure at United, with the majority of what would be staggered funding due before the end of the year.
The news is likely to be welcomed by the club’s supporters, given it is a marked shift away from the approach taken by current owners the Glazer family, who have drained vast sums out of United’s coffers.
Old Trafford is in need of extensive work but a proposed £245m infrastructure investment is likely to be insufficient
Sir Jim Ratcliffe's purchase of a minority stake in Manchester United is set to be announced
However, industry experts have warned that the sum – should it be spent in its entirety on what is a