INEOS’ purchase of Manchester United ‘changes nothing’ for Mercedes F1 Team: PlanetF1

INEOS’ purchase of Manchester United ‘changes nothing’ for Mercedes F1 Team: PlanetF1

INEOS’s expected purchase of Manchester United “doesn’t change anything” for the Mercedes Formula 1 team, a source told PlanetF1.com.

INEOS, chaired by Sir Jim Ratcliffe, is a third owner of the Silver Arrows alongside team manager Toto Wolff and Daimler, but is expected to add another sporting venture to their portfolio by buying Premier League club Manchester United with a 25 per cent stake.

Ratcliffe, a childhood United fan, has been negotiating with the Glazer family for more than a year and is expected to pay £1.25bn for a quarter of the football giants.

Manchester United’s bid will have no financial or operational impact on Mercedes

Mercedes is already one of a number of teams part of the INEOS Sport group which also includes the likes of OGC Nice, INEOS Britannia and seven-time Tour de France winners INEOS Grenadiers.

But Manchester United will be the jewel in the crown with the club valued at £5bn, more than Forbes’ estimate of $3.8bn for Mercedes.

Despite the large sum coming out of INEOS’s bank account, a source told PlanetF1.com that it “changes nothing” for the management of the Mercedes Formula 1 team.

INEOS paid £100m to take a 33 per cent stake in the Formula 1 team in December 2020, but United’s purchase is not expected to have an impact on operational costs or on their investment in Silver Arrows.

Since joining the team, INEOS has taken part in 10 race victories for Mercedes and a success in the Constructors’ Championship in 2021.

Wolff, Ratcliffe’s co-owner, has also not ruled out becoming an investor in Manchester United provided it “makes sense”.

“Jim shared the track with me,” Wolff told PA in Sao Paulo.

“I respect his values ​​very much and we trust each other. If we feel it makes sense to be part of the investment group, I will definitely consider it.

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“I never aimed to invest in the Championships, but I like the competitiveness of the Premier League.

“Jim and Manchester United are a love story because he was born there. Our personal relationship is strong and with Ola Kallenius (Mercedes-Benz CEO), they call us the ‘Three Friends’ because we live in a world without bulls***.

He added: “If I feel I can contribute, I will consider joining him at Manchester United.”

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