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Sir Jim Ratcliffe 'is urged to demolish outdated Old Trafford and build a new £2bn stadium on the surrounding land' by leading architect, after taking a 25 per cent stake in Man United

Sir Jim Ratcliffe has been encouraged to knock down Manchester United's iconic Old Trafford stadium and build a new one, according to reports.

Ratcliffe took a 25 per cent stake at United on Christmas Eve - subject to ratification from the Premier League - and has plenty on his plate as he prepares to take control of football operations of a team down in eighth place in the Premier League table.

The British billionaire has pledged to invest £245m in the club, and one of his first big decisions is what to do with the outdated Old Trafford.