{"id":295946,"date":"2023-11-03T14:24:29","date_gmt":"2023-11-03T14:24:29","guid":{"rendered":"https:\/\/tellmysport.com\/?p=295946"},"modified":"2023-11-03T14:24:29","modified_gmt":"2023-11-03T14:24:29","slug":"ratcliffes-245m-investment-not-enough-for-old-trafford-revamp","status":"publish","type":"post","link":"https:\/\/tellmysport.com\/soccer\/ratcliffes-245m-investment-not-enough-for-old-trafford-revamp\/","title":{"rendered":"Ratcliffe&apos;s \u00a3245M investment not enough for Old Trafford revamp"},"content":{"rendered":"<h1>Sir Jim Ratcliffe&#8217;s proposed \u00a3245M infrastructure investment &#8216;will not touch the sides&#8217; in Old Trafford revamp&#8230; as Manchester United prepares to announce billionaire&#8217;s investment in the next fortnight<\/h1>\n<ul>\n<li><strong>Petrochemicals mogul has a view to a structured buyout at the Manchester club\u00a0<\/strong><\/li>\n<li><strong>A dire need for upgrades is thought to be behind ground&#8217;s Euro 2028 snubbing\u00a0<\/strong><\/li>\n<li><strong>Is Erik ten Hag out of his depth at Man United? Listen here to It&#8217;s All Kicking Off\u00a0<\/strong><\/li>\n<\/ul>\n<p>A planned \u00a3245million infrastructure injection from Sir Jim Ratcliffe \u2018will not touch the sides\u2019 when it comes to a redevelopment of Old Trafford.\u00a0<\/p>\n<p>That is the view of industry insiders &#8211; after details of additional investment from the petrochemicals billionaire emerged earlier on Friday.\u00a0<\/p>\n<p>Mail Sport understands Ratcliffe\u2019s \u00a31.3bn 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.\u00a0<\/p>\n<p>And Ratcliffe is also likely to commit \u00a3245m 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.\u00a0<\/p>\n<p>The news is likely to be welcomed by the club\u2019s 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\u2019s coffers.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/03\/13\/77365749-12707133-image-a-161_1699018208259.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Old Trafford is in need of extensive work but a proposed \u00a3245m infrastructure investment is likely to be insufficient<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/03\/13\/77365767-12707133-image-a-160_1699018205587.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Sir Jim Ratcliffe&#8217;s purchase of a minority stake in Manchester United is set to be announced<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>However, industry experts have warned that the sum \u2013 should it be spent in its entirety on what is a decaying Old Trafford \u2013 will not be transformative.\u00a0<\/p>\n<p>United had stadium designers draft a number of proposals for potential refurbishment of their iconic home, which included razing it to the ground and building a new home.\u00a0<\/p>\n<p>Costs were estimated between \u00a31bn and \u00a32bn &#8211; far above the amount promised by Ratcliffe.\u00a0<\/p>\n<p>Those with knowledge of the stadium and surrounding market costs, say that \u00a3245m would be well short of the amount needed to fully demolish the Sir Bobby Charlton Stand and rebuild it to the height of the club\u2019s other three stands.\u00a0 Such a project would require the installation of a concrete decking over the adjacent railway line while the demolition is carried out.\u00a0The cost of the concrete itself would be significant, thanks to recent price rises.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/03\/13\/77365667-12707133-image-a-162_1699018221373.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>The venerable ground is in dire need of an upgrade, with videos of its leaky roof going viral<\/p>\n<p>\u2018Even if all of this is spent on the stadium and not the training ground it will be a long way short of what is needed,\u2019 one source explained.\u00a0\u2018It would be safe to say this will not touch the sides. There is a huge amount of work needed.\u00a0<\/p>\n<p>&#8216;If they were to extend the South (Sir Bobby Charlton) Stand to increase the capacity and create thousands of new corporate hospitality places then they would need more than this. That\u2019s before you talk about the roof, the other stands and the training ground.\u2019\u00a0<\/p>\n<p>It is widely accepted that Old Trafford is in dire need of an upgrade, with videos of its leaky roof often going viral. The demise of the venue was underlined when it was not chosen as one of the venues for the joint UK and Ireland bid for the European Championship in 2028.\u00a0<\/p>\n<p>Ratcliffe has seen off competition from rival bidder, Qatari businessman Sheikh Jassim bin Hamad al-Thani, who had vowed to invest an initial \u00a3800m in infrastructure alongside a complete takeover.\u00a0<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span>It&#8217;s All Kicking Off\u00a0is an exciting new podcast from Mail Sport that promises a different take on Premier League football, launching with a preview show today and every week this season.<\/span><\/p>\n<p><span>It is available on MailOnline, Mail+, YouTube , Apple Music and Spotify<\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12707133\/Man-United-Sir-Jim-Ratcliffe-infrastructure-investment-Old-Trafford.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sir Jim Ratcliffe&#8217;s proposed \u00a3245M infrastructure investment &#8216;will not touch the sides&#8217; in Old Trafford revamp&#8230; as Manchester United prepares to announce billionaire&#8217;s investment in the next fortnight Petrochemicals mogul has a view to a structured buyout at the Manchester club\u00a0 A dire need for upgrades is thought to be behind ground&#8217;s Euro 2028 snubbing\u00a0&hellip;<\/p>\n","protected":false},"author":2,"featured_media":295945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ratcliffe&amp;apos;s \u00a3245M investment not enough for Old Trafford revamp - Tell My Sport<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tellmysport.com\/soccer\/ratcliffes-245m-investment-not-enough-for-old-trafford-revamp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ratcliffe&amp;apos;s \u00a3245M investment not enough for Old Trafford revamp - Tell My Sport\" \/>\n<meta property=\"og:description\" content=\"Sir Jim Ratcliffe&#8217;s proposed \u00a3245M infrastructure investment &#8216;will not touch the sides&#8217; 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