Mercedes Formula 1 team co-owner declares interest in buying Manchester United : PlanetF1
British billionaire Sir Jim Ratcliffe, current co-owner of Formula 1 team Mercedes, has an interest in buying Manchester United.
Through his company INEOS, Ratcliffe is an equal one-third owner of the Mercedes F1 team, alongside Daimler and Mercedes team principal Toto Wolff.
But, could Ratcliffe soon add another sporting institution to his portfolio?
In the English Premier League, Manchester United made a dismal start to the 2022-23 season under new manager Erik ten Hag, the lowest side in the league after a 2-1 loss to Brighton and a 4-0 defeat at Brentford to launch the campaign.
Tensions existed between Manchester United’s fan base and the owners of the Glazer family for much of their time at the top of the club after buying it in 2005.
However, speculation is mounting that the Glazer family are now open to selling a minority stake in the club.
And if the option is there to invest in Manchester United, then a spokesman for Ratcliffe explained that the billionaire, a Manchester United supporter, would be right in the mix as a potential buyer.
“If the club is for sale, Jim is definitely a potential buyer,” Ratcliffe’s spokesman confirmed. The temperature.
“If something like this were possible, we would be interested in discussing a long-term ownership.
“It’s not about the money that has been spent or not spent, Jim is looking at what can be done now and knowing how important the club is to the city, it seems the time has come for a reset.”
A Manchester United Supporters’ Trust spokesman, reacting to Ratcliffe’s interest in the club, said BBC Sports“While the fans have been calling for change, this of course has to be the right change.
“Any potential new owner must be committed to the club’s culture, ethos and best traditions. They must be willing to invest to restore United to their former glories, and that investment must be real money spent on the club’s side. players and the stadium.
“Finally, any new ownership structure must incorporate supporters, including some degree of fan involvement, into their operating model.”
Ratcliffe, who already owns two football clubs, French side Nice and Swiss side Lausanne-Sport, has recently tried to add a third in the form of Manchester United’s Premier League rivals Chelsea.
Mercedes driver and seven-time world champion Lewis Hamilton was also part of the race to buy Chelsea, with Hamilton and tennis star Serena Williams involved in a bid alongside businessman and Chelsea fan Martin Broughton.
However, a consortium led by Todd Boehly and Clearlake Capital would ultimately win the race to buy Chelsea.