Sir Jim Ratcliffe opts for Old Trafford revamp

Lea Hogg November 13, 2023

SiGMA news

Sir Jim Ratcliffe opts for Old Trafford revamp

Shaping the future of Manchester United will not be an easy task and it seems that new co-owner Sir Jim Ratcliffe has made a definitive decision regarding the club’s home base. Despite speculation about the possibility of constructing a new stadium, Ratcliffe, the Ineos chief, has ruled out this option and is instead focusing on the redevelopment of the iconic Old Trafford.

£1.3 Billion Manchester United deal

The 71-year-old billionaire, whose £1.3 billion deal for a 25 percent stake in Manchester United is expected to be ratified this week, is poised to assume control of the club’s sporting operations. Ratcliffe plans to inject £245 million of his own funds into enhancing United’s infrastructure, with a primary focus on the much-needed rejuvenation of Old Trafford.

Recent reports indicate that, contrary to rumours, Ratcliffe has expressed a strong commitment to the club’s historic home. Despite Old Trafford’s aging state, which has prompted discussions about the feasibility of a new £1.5 billion stadium, Ratcliffe has made it clear that he has no intention of abandoning the Theatre of Dreams.

Preserving legacy

The initial phase of Ratcliffe’s plan involves a comprehensive facelift for Old Trafford, addressing key infrastructure challenges. Once this refurbishment is underway, the billionaire owner is expected to explore options for potential expansions to the stadium’s capacity in the future.

A lifelong Manchester United fan, Ratcliffe had previously affirmed his dedication to the club’s heritage earlier this year, stating that he would not consider renaming Old Trafford under his ownership. His decision reflects a commitment to preserving the legacy and traditions associated with the iconic venue.

Ratcliffe’s dedication to the heritage of Manchester United

Through his company, Ineos, Ratcliffe already boasts an extensive sporting portfolio, including ownership of Ligue 1 outfit OGC Nice. Ratcliffe’s interest in acquiring a Premier League team has been evident for some time, with a past bid for Chelsea in the previous year.

Despite previous hesitations about bidding for Manchester United alongside Sheikh Jassim, Ratcliffe has emerged as a central figure in the ongoing ownership discussions that began when the Glazers opened the door for offers last November.

Reflecting on the rarity and value of special teams like Manchester United, Ratcliffe emphasized their unique status, likening them to valuable works of art and suggesting that the world of sports will witness minimal changes over the next decade.

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