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International Business Times UK
International Business Times UK
Sport
Ziyad Jamal

Sir Jim Ratcliffe Unlikely To Receive Government Help for Manchester United's New Stadium Plans

Jim Ratcliffe England Everton Ineos Manchester United
Sir Jim Ratcliffe would like to oversee the construction of a new stadium for Manchester United after officially becoming the minority owner of the club. (Credit: Phil Noble/Reuters)

Sir Jim Ratcliffe is set to be rebuffed by the British government in his attempts to upgrade Manchester United's stadium by using taxpayers' money.

The INEOS Founder and CEO had his 27.7 per cent stake in Manchester United receive full approval earlier this week. The purchase is worth £1.25 billion and will see the 71-year-old and INEOS have an influential role moving forward as they have been given authority over football operations.

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