Sir Jim Ratcliffe hopes to oversee an Old Trafford rebuild that will see the ground's capacity rise to 90,000 within the next five years.
Mail Sport report that INEOS have already approached investment partners over plans to rebuild or refurbish United's stadium ahead the confirmation of Ratcliffe's 25 per cent purchase of the club. A departure from Old Trafford is already said to have been ditched.
Plans would hope to see a 'new Stretford End' that would be move beyond the 17,500-capacity kop that Tottenham constructed when building their stadium. United themed attractions and a five-star hotel are also being considered ahead of a big redevelopment.
The transformation is hoped to transform Old Trafford into 'Wembley of the North' with a rebuild possibly costing more than £2billion. The redevelopment would stretch from Old Trafford and link the area with Media City in a move that could take place within five years.
Talks with local politicians are reported to already be underway with the hope of government involvment. A straight-cash payment is unlikely, with other publically funded stadiums forming part of bids for major sporting events or are home to multi-uses.
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The 13-time Premier League winners' stadium was not selected as a venue for the UK and Ireland's bid for EURO 2028. Old Trafford has long been considered in need of renovation with a leaky roof providing material for mocking rival supporters.
Ratcliffe has already committed £237m towards investment in United's infrastructure, while the club launched a survey asking supporters for their views in 2023. A team combining architectural design firm Populous, who were involved in the Tottenham Hotspur Stadium, and consultants Legends International were appointed in April to create a plan.
Old Trafford is set to be redeveloped following Sir Jim Ratcliffe's purchase of a 25 per cent stake (Stu Forster)Speaking in December, Populous chief executive Chris Lee said that development was needed at the ground. He believed it would be problematic to not improve Old Trafford.
"I think that would be unwise,” he said, “And I believe there is a recognition within the club that something has to be done.
"The building is reaching the end of its natural life – the cabling, the electricity supplies, everything is nearing its sell by date. And the interiors are very cramped and difficult in places. I would say updating is crucial not just to maintain the club’s position, but just to keep the place functional."
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