Revealed: Sir Jim Ratcliffe’s plans for Man Utd stadium
Jacque Talbot
- Updated: 16 Oct 2023 06:59 CDT
- 4 min read
Sir Jim Ratcliffe will look to have his bid for 25 per cent of Manchester United approved this week and the Ineos chief already has grand plans for the Premier league giants, according to reports.
The Glazers are set to accept Ratcliffe’s offer after it emerged that Qatari banker Sheikh Jassim bin Hamad Al Thani withdrew his takeover offer on Saturday. It’s thought that the club's board is expected to meet on Thursday to approve Ratcliffe's proposal for an initial 25 percent stake.
Despite only being afforded a minority stake in the club, the British billionaire will assume control over football operations at Man Utd. There is also the idea that Ratcliffe will look to bolster the club’s infrastructure - something that the current owners have failed to do so far.
READ: Ratcliffe eyes first MAJOR move after Man Utd investment
Old Trafford has a leaky roof and plans to upgrade the facilities have been held back amid the ongoing takeover saga. But The Time reports that Ratcliffe will 'accelerate' plans to modernise the stadium. It’s believed that being able to improve the facilities was a 'significant part' of the negotiations with the Glazers.
Old Trafford's capacity is 74,310, but Ratcliffe is planning to make it up to 90,000, a huge increase of its original holding.
READ: Man Utd takeover: What can fans expect from Sir Jim Ratcliffe?
Neville’s concern
Gary Neville recently spoke about the partial buyout and what it means for Man Utd.
"The news last night of the Qatari withdrawal leaves Manchester United on the brink of a minority investment. Can this really work and what impact will it have on a struggling organisation?" Neville tweeted on Sunday.
"It’s worth setting out my non-negotiables on a takeover of Manchester United that I made over a year ago. A new sporting project, a new or redeveloped Old Trafford, a New training ground, full redevelopment of the surrounding land to create a Manchester United World and amazing fan experience and pay off the debt and stop taking dividends until the above is done.
"I’m adding a 6th due to events in the last 2-3 years. The club requires leadership that is statesmanlike on major issues that enables a fairer, more inclusive and diverse game.
"Leadership that builds a positive environment and culture whilst adhering to the clubs values and principles and one that is willing to make tough decisions to prevent an erosion in the clubs public image.”
"How does a minority stakeholder positively impact the club to achieve the above? Can a minority shareholder have any impact on the above. It leaves more questions than answers.
"My preference is and always will be now for a Glazer family full exit. They have overstayed their welcome in Manchester yet seem oblivious to this fact. There is much up in the air."
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