Sir Jim Ratcliffe is set to invest £245 million ($300m) from his personal wealth to modernize Manchester United’s deteriorating infrastructure, as per reports from Sky News. This substantial amount, separate from the £1.25 billion he is spending to acquire a 25% stake in the club, will not add to United’s existing debt. The investment will be phased, with a significant portion expected to be provided to the club by the year’s end.
In the grand scheme of things, the entire sum will be dedicated solely to upgrading the club’s infrastructure and will not be allocated to strengthening the squad. While this infusion of funds is a significant step, transforming Old Trafford into a world-class venue akin to Emirates Stadium or the Etihad might require further financial resources. Ratcliffe is reportedly open to additional investments to equip Old Trafford with cutting-edge facilities.
The timing of the public announcement regarding these plans remains uncertain, as negotiations between the involved parties are still ongoing and the takeover could be confirmed within the next 15 days. Following the completion of the takeover process, Sir Ratcliffe is expected to take charge of sporting matters at the club. There are speculations that he might appoint former Tottenham head of recruitment Paul Mitchell as the director of football, aiming to revitalize a United side that has faced challenges under manager Erik ten Hag’s leadership.