Sir Jim Ratcliffe is reportedly prepared to invest £245 million ($300 million) from his personal wealth to overhaul Manchester United’s ageing infrastructure.
Sky News indicates that this substantial contribution is separate from the £1.25 billion he intends to spend to acquire a 25 percent stake in the club.
Importantly, this investment will not add to Manchester United’s existing debt.
The funds will be disbursed in stages, with a significant portion being allocated to the club by the end of this year.
The entire sum is earmarked for the enhancement of the club’s infrastructure and will not be allocated to strengthen the squad.
However, the transformation of Manchester United’s stadium into a world-class facility on par with venues like the Emirates and the Etihad may demand more extensive financial resources.
It is believed that Ratcliffe is open to additional investments to equip Old Trafford with state-of-the-art facilities.
The question remains whether these plans will be disclosed when the takeover is officially announced, a process that might conclude in around 15 days as both parties are currently engaged in negotiations.
It has also been reported that, once the takeover is finalised, Sir Ratcliffe will assume control of sporting matters at the club.
There are rumours that he may appoint the former Tottenham head of recruitment, Paul Mitchell, as the director of football.
This move is aimed at rejuvenating a Manchester United side that has encountered challenges in achieving success under the management of Erik ten Hag.