Thursday, April 18, 2024

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HomeTop LeaguesPremier LeagueSir Jim Ratcliffe's offer for Manchester United will be a direct one...

Sir Jim Ratcliffe’s offer for Manchester United will be a direct one -Toto Wolff

According to Toto Wolff, the Mercedes F1 boss, Sir Jim Ratcliffe is set to offer Manchester United a “straightforward” approach.

With the Glazers and United board members preparing to vote on Ratcliffe’s proposal in the upcoming days, it appears that Ratcliffe is on track to acquire a 25% minority stake in United for £1.4 billion.

A United fan born in Greater Manchester, Ratcliffe also possesses ownership of Nice and the Swiss team Lausanne, in addition to holding a one-third share in the Mercedes-AG Petronas Formula One team.

Before the US Grand Prix, Toto Wolff, the team principal for Mercedes, provided some insight on working with Ratcliffe: “Jim and his partners, [INEOS chief executive] Andy [Currie] and [finance director] John [Reece], are first of all very complimentary,” he said [via Daily Mail].

“This is a no bullsh*t organization. they are huge in terms of revenue and profit. Decisions are being made quickly – three bullet points on a page and ‘here we go’. With Jim all the bullsh*t is cut out. So I think wherever he gets his power, and his resource and character behind it, that’s going to be an add-on for any team.

“He’s a Manchester boy. He has the resources that are needed, the heart is in the right place for this team and I’m sure he can be very creative for Manchester United. But for us he’s been a fantastic shareholder, good sounding board and sparring partner for myself.”

Although the approval of the deal may take some time, United’s board of directors convened on Thursday to assess Ratcliffe’s proposal. Ineos is said to be actively developing strategies to revamp the club’s operations, such as appointing a new sports director.

Ethan Dempsey
Ethan Dempsey
Ethan is a lifelong football fan. When he is not obsessing over the Premier League games, Ethan likes to read fantasy tomes, watch football documentaries and waste hours upon hours on video games.
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