PSG want to copy Man Utd after huge announcement with multi-billion pound plan

The president of Paris Saint-Germain has announced that the club will look to copy Man United with a multi-billion plan.

After his INEOS group paid £1.25 billion to buy a 25 per cent stake in Man United, one of Sir Jim Ratcliffe's first main concerns is resolving the future of Old Trafford.

United's iconic stadium has long been dubbed the 'Theatre of Dreams', but it is now in desperate need of repairs and modernisation.

United have appointed a team of leading consultants to begin work on creating a "masterplan" for the redevelopment of Old Trafford, and one of the options on the table is to demolish the stadium and build a completely new one.

Ratcliffe has pledged £237 million to go towards infrastructure, although a complete stadium rebuild is expected to cost around £2 billion.

Now, fellow European giant Paris Saint-Germain could follow United's lead.

At a meeting of the UEFA executive committee on Thursday, PSG president Nasser Al-KhelaIfi announced that the French club will leave their Parc des Princes home.

"It's easier for us now, we know what that we want. It's over for us," he said, via L'Equipe.

PSG chiefs have scheduled an emergency meeting to step up plans to build a new stadium, with development work at the Parc des Princes to end immediately.

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For eight years the club held discussions with Paris council - the owners of the stadium - about their desire to buy the stadium and develop it.

However, the council recently voted that the stadium is not for sale.

In an interview with Ouest-France, the mayor of Paris, Anne Hidalgo, said: "I repeat: we are ready to study and support transformations of the Park. I also say it again today and once and for all: there will be no sale of the Parc des Princes, it is the heritage of Parisians. The subject is closed."

PSG had an offer to buy the stadium, which they have called home since 1971, rejected last spring.