From Pit Stops to Pitch Battles: Sir Jim Ratcliffe’s Dual Passion for Mercedes F1 and Man Utd

P1racenews AI    Jim Ratcliffe Toto Wolff
From Pit Stops to Pitch Battles: Sir Jim Ratcliffe’s Dual Passion for Mercedes F1 and Man Utd
Image source: Crash

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Sir Jim Ratcliffe, the part-owner of the Mercedes F1 team, is reportedly prepared to commit £245m ($300m) of his personal wealth to improve Manchester United Football Club’s ageing infrastructure.

INEOS, owned by Ratcliffe, will acquire a 25% stake in Manchester United for £1.3 billion. Ratcliffe intends to invest in infrastructure upgrades for the club through staggered payments. The financing for this will come personally from Ratcliffe, Britain’s second-richest man. Ratcliffe also owns a third of the Mercedes F1 team through INEOS. Mercedes team principal Toto Wolff believes Ratcliffe’s involvement will bring efficiency and quick decision-making to Manchester United, thanks to his resources, character, and passion for the team.

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Forrás: Crash

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