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Toto Wolff involved in Sir Jim Ratcliffe’s partial Manchester United takeover?

Toto_Wolff
Toto Wolff, the Mercedes F1 Team Principal, perhaps also in the running for the partial takeover of Manchester United (Photo © Mercedes AMG Petronas)

The head of the Mercedes F1 team is reportedly considering joining the British billionaire’s bid to buy a 25% stake in the Manchester club. 

As has been reported for the past few weeks, Sir Jim Ratcliffe has offered to buy only 25% of the club’s shares from the Glazer family, the equivalent of £1.5 billion (€1.7 billion).

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According to the BBC, the offer could be made jointly by Sir Jim Ratcliffe and Toto Wolff, both of whom are Monaco residents. As a reminder, the INEOS boss owns a third of the Mercedes F1 team, which the Austrian has managed since 2013.

The buyout, a long-running saga

As he told Sky Sports during the last Brazilian Grand Prix, Toto Wolff is open to discussion on a contribution to the project. But his investment is far from official at the moment.

As a reminder, after many months of negotiations over the purchase of the Red Devils the chairman of Qatar Islamic Bank (QIB), Sheikh Jassim Ben Hamad al-Thani, has withdrawn his bid. As for the Glazer family, it appears they no longer wish to sell Manchester United completely, but rather a partial stake in the club.

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