Manchester United fans are delighted with the announcement of Sir Jim Ratcliffe's “exciting” plans at Old Trafford

Manchester United fans were left excited about the future when plans to regenerate the area around Old Trafford were announced.

Sir Jim Ratcliffe and INEOS have taken over football operations at the First division giants and we are very interested in improving the stadium.

Reports claim that Ratcliffe wants to build a 'Wembley of the North'with United's iconic home in need of renovation.

And fans could see improvements sooner rather than later, as Trafford Council announced new plans for the area.

“Trafford Council will consult on exciting and ambitious plans to regenerate an area neighboring MediaCity and surrounding Manchester United's Old Trafford football stadium,” a statement read. saying.

It also says the plans will develop a “high-quality venue for Manchester United as they develop their plans for a world-class football stadium”.

Fans were quick to express their joy on social media as one from X said: “It seems like every day is good news for MUFC at the moment. A bright future on and off the pitch at Old Trafford.”

“Looks like Sir Jim isn't around,” added a second.

A third said: “These plans are incredible for Old Trafford and the surrounding area. They can't have been drawn up so quickly since SJR arrived but it has certainly allowed the Manchester United element to come through. It's exciting times.”

“Beautiful. Now let's get down to business and put United back on top, where they're supposed to be!” added a fourth.

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United's iconic home, Old Trafford, already has the largest capacity in the Premier League with 74,031 fans.

However, Ratcliffe, whose purchase of 25 per cent of the club was awarded the Premier League and Football Association approval this weekHe seems interested in making it bigger and better.

It remains to be seen whether Old Trafford will be renovated or completely torn down and replaced by a new stadium.

Doing the former could cost around £800m, while the latter could cost between £1.5bn and £2bn.