The British billionaire Jim Ratcliffe reached a long-awaited agreement on Sunday to buy a stake in the 25% in it Manchester United and committed to investing 300 million dollarss in the football club Premier League English to try to revive his fortune.
The agreement, under which the cluster INEOS of Ratcliffe will take over management of the club’s football operations, ending more than a year of uncertainty, after the family Glazerthe majority owner, declared in November 2022 that it was studying strategic options.
The Glazer have been heavily criticized by fans for presiding over a decline in the club’s performance since former manager Alex Ferguson retired in 2013 after a period of unprecedented success.
“As a local boy and a lifelong fan of the club, I am very happy to have been able to reach an agreement with the Manchester United board that delegates to us the responsibility for managing the club’s football operations”said Ratcliffe71, in a statement.
The poor condition of Old Trafford and the remodeling that would be done at the stadium
The stadium of Manchester United of EnglandThe mythical Old Traffordis in poor condition, renovation projects are on hold and the British press today even speculated about the demolition of the stage.
In this context, leaks, the presence of rats and roofs that fall, a demolished stadium is the priority for Jim Ratcliffethe British billionaire who acquired 25 percent of the club and must add capital close to the 380 million dollars just for the modernization of the stadiumhe pointed The Telegraph.
From around the club they have already begun to move with certain architectural studies, although in England they point out that the most interested is the Populous studiothose in charge of Tottenham Stadiumbuild in 2019.
Chris Lee, director of this construction company, trusts that with the arrival of a new owner, the project can get underway as soon as possible. and they proposed two types of reforms to address the modernization of the stadium and solve the security problems it currently has.
Old Trafford It seems to have become outdated compared to the rest of the stadiums in the world, it retains its mystique intact but must be renewed or die.
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If it is renovated, the foundations of the old one would be used Old Trafford to improve some structural conditions and reform certain parts. There is mention of expanding the south stand using the railway line just behind the stadium and remodeling the rest to achieve a much more avant-garde appearance.
However, the studio’s preferred option is to demolish the stadium.
In that sense, read I affirm that “new construction may prove to be the most profitable solution” and maintained that “The initial outlay is obviously the highest but there is a lot of land available to develop there, at a cost of $2.54 billion.”
Source: Ambito
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