Mercedes have been told what to expect when Sir Jim Ratcliffe when 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 he is now set to take a huge step into English football after agreeing a deal with their owners, the Glazer family. And Mercedes have learned how it could impact them going forward.
The INEOS CEO is understood to have struck a deal with the Glazer family that will see him purchase a 25 per cent stake for £1.3billion, an investment which will see him take a vested interest in controlling the Premier League club’s football operations.
Ratcliffe’s company also owns a controlling share of French club OGC Nice and there had been concerns that the number of different projects could see him reduce his interest in Mercedes, as he currently owns a 33 per cent share along with Toto Wolff and Daimler.
According to PlanetF1.com, a source close to the 71-year-old has given the Silver Arrows a blunt assurance that Ratcliffe’s new venture will not affect his commitment to Mercedes.
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