Mercedes have been told what to expect when Sir Jim Ratcliffe completes his acquisition of a minority stake to invest in Manchester United. The billionaire is already heavily invested in the Formula 1 team through his multinational chemicals company INEOS, but is now set to take a big step into English football after agreeing a deal with the Red Devils’ owners, the Glazer family. And Mercedes learned how it could affect them in the future.
The INEOS chief executive is understood to have reached an agreement with the Glazer family to buy a 25 per cent stake for £1.4billion, an investment which will see him take a vested interest in controlling the Premier League club’s football operations.
Ratcliffe’s company also has a controlling stake in French club OGC Nice and there were concerns that the number of different projects would reduce its interest in Mercedes, as it currently holds a 33 percent stake along with Toto Wolff and Daimler.
According to PlanetF1.coma source close to the 71-year-old has bluntly assured the Silver Arrows that Ratcliffe’s new venture will not affect his commitment to Mercedes.
Ratcliffe’s deal is set to be completed during the two-week international break, which starts on Monday. And despite the fact that the heavy capital is being invested, it is argued that it does not change anything in terms of INEOS’ financial support for the team.
Mercedes chief executive Toto Wolff, who maintains a close relationship with Ratcliffe and is aware of all his sporting investments, including the INEOS Britannia sailing team and seven-time Tour de France winners INEOS Grenadiers in cycling, will come as no surprise.
Wolff has even approached Ratcliffe to invest in the club and refused to be involved, so it can be safely assumed that the Austrian has no qualms with his business partner’s decision to invest. done elsewhere.
Speaking ahead of the Brazilian Grand Prix, Wolff told the PA News Agency: “Jim has shared the trajectory with me.
“I really respect his values and we trust each other. If we felt it would make sense to be part of the investment group, I would certainly look at it.”
The eight-time Constructors’ Champions have had a difficult two-year period since the regulations changed in 2022 and their pie has been reduced as Red Bull regained top spot in F1.
However, they are still one of F1’s most valuable brands along with Ferrari. The team’s total value is still said to exceed £3bn – making them the crown jewel in the INEOS portfolio until United become an official part of the Ratcliffe sports franchise network.
Denial of responsibility! vismuseum.org.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at email@example.com The content will be deleted within 24 hours.