Sir Jim Ratcliffe admits Old Trafford is 'TIRED and in need of refurbishment'... as the new Man United part-owner outlines his plan to transform the decaying 74,000-seater stadium into a 'Wembley of the North'

British billionaire Sir Jim Ratcliffe officially became a co-owner of Manchester United on Tuesday night when INEOS' 27.7 per cent investment was confirmed by the club.