Sir Jim Ratcliffe set to finalize Manchester United investment
Sir Jim Ratcliffe, the billionaire and lifelong Red Devils supporter, is reportedly on the verge of completing his £1.25 billion investment in Manchester United. The deal, which will see Ratcliffe acquire a 25% stake in the club, is expected to be announced this week, just in time for Christmas.
Don't expect immediate big-name signings
While fans may be excited about Ratcliffe's arrival, they should not get their hopes up for immediate big-name transfers. According to the Daily Mail, the report suggests that major signings and improvements to Old Trafford are unlikely to happen right away.
Clearout in the works
Ratcliffe reportedly wants to oversee a significant clearout at Manchester United, both on and off the pitch. Talks of a new CEO and potential departures of players like Antony Martial, Jadon Sancho, and Donny van de Beek have already surfaced. However, due to Financial Fair Play restrictions, the club may not be able to afford major transfer fees in the upcoming January window.
Delay in stadium upgrades
Part of Ratcliffe's investment includes an allocation of £250 million for infrastructure improvements at Old Trafford. However, the plans for major upgrades to the stadium, which is in need of repair, may be put on hold for the time being. Rising costs of materials have pushed up the construction expenses, making it challenging to proceed with the proposed renovations.
courtesy of thesun.co.uk
New 'facelift' for Old Trafford
Instead of a complete rebuild, Old Trafford may undergo a "facelift." This could involve cosmetic changes, such as paintwork and improvements to executive suites, aimed at generating more corporate revenue for the club.
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