{"id":294673,"date":"2023-10-21T09:25:25","date_gmt":"2023-10-21T09:25:25","guid":{"rendered":"https:\/\/sports-life-news.com\/?p=294673"},"modified":"2023-10-21T09:25:25","modified_gmt":"2023-10-21T09:25:25","slug":"wolff-united-can-look-forward-to-better-times-ahead-under-ratcliffe","status":"publish","type":"post","link":"https:\/\/sports-life-news.com\/soccer\/wolff-united-can-look-forward-to-better-times-ahead-under-ratcliffe\/","title":{"rendered":"Wolff &#8211; United can look forward to better times ahead under Ratcliffe"},"content":{"rendered":"<h1>Man United can look forward to better times ahead with Sir Jim Ratcliffe, claims Mercedes chief Toto Wolff&#8230; as he insists the billionaire &#8211; who is a part owner of the F1 team &#8211; &#8216;cuts out the bulls***&#8217; and has his &#8216;heart in the right place&#8217;<\/h1>\n<ul>\n<li><span>Sir Jim Ratcliffe agreed a deal to take a 25 per cent stake in Man United last week<\/span><\/li>\n<li><span>The British petrochemicals billionaire also owns a third of the Mercedes F1 team\u00a0<\/span><\/li>\n<li><span>Listen to the latest episode of Mail Sport&#8217;s podcast &#8216;It&#8217;s All Kicking Off!&#8217;\u00a0<\/span><\/li>\n<\/ul>\n<p>Mercedes chief Toto Wolff has claimed Manchester United fans can look forward to better times ahead with no &#8216;bulls***&#8217; under Sir Jim Ratcliffe.\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>British petrochemicals billionaire Ratcliffe, a lifelong United fan, is set to pay \u00a31.4billion to purchase a 25 per cent stake in the club from the Glazer family after a long-winded sale process that began last November.\u00a0<\/p>\n<p>Ratcliffe and Qatari royal Sheikh Jassim bin Hamad Al Thani were the front-runners in the bidding war and both parties submitted multiple offers, before Jassim withdrew from the process last week.\u00a0\u00a0<\/p>\n<p>The head of INEOS &#8211; who is expected to take control of football matters at Old Trafford &#8211; has a sporting empire which encompasses cycling, rugby and sailing along with two football teams in French side Nice and Swiss outfit\u00a0Lausanne-Sport, while he also owns a third of F1 team Mercedes.<\/p>\n<p>And Wolff, who is Mercedes&#8217; team principal and CEO, heaped praise on Ratcliffe and backed him for success with his boyhood club.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/21\/09\/76750423-12656213-Sir_Jim_Ratcliffe_s_1_4billion_deal_for_a_25_per_cent_stake_in_M-a-1_1697878028935.jpg\" height=\"413\" width=\"634\"><\/p>\n<p>Sir Jim Ratcliffe is set to pay \u00a31.4billion to purchase a 25 per cent stake in Manchester United\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/21\/09\/76831795-12656213-image-a-2_1697878058076.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Mercedes chief Toto Wolff (right) backed Ratcliffe (left) for success at his boyhood club<\/p>\n<p>&#8216;Jim and his partners, they are first of all complementary,&#8217; he said ahead of the US Grand Prix in Austin, Texas.<\/p>\n<p><span>&#8216;They are huge in terms of profit and decisions being made very quickly, three bullet points on a page and here we go.<\/span><\/p>\n<p>&#8216;With Jim, all the bulls*** is cut out and I think that wherever he gets his power and resource and character behind it I think that\u2019s going to be an add on for any team.&#8217;<\/p>\n<p>He continued: &#8216;He\u2019s a Manchester boy. He has the resources that are needed, the heart in the right place for this team and I\u2019m sure that he can be very creative for Manchester United.<\/p>\n<p>&#8216;With us he\u2019s been a fantastic shareholder and a good sounding board for myself.&#8217;<\/p>\n<p>While Ratcliffe hopes to complete a full takeover one day, for United fans it will at least take some control away from the hugely unpopular Glazers.<\/p>\n<p>The American family have\u00a0<span>have been a source of contention at Old Trafford ever since they became majority owners in 2005, facing significant fan anger and backlash.\u00a0<\/span><\/p>\n<p>After taking over the club through a leveraged buyout which placed \u00a3525m worth of loans onto the brand of United, they have racked up the club&#8217;s debts to \u00a3536m.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/21\/09\/76831051-12656213-Despite_the_Brentford_win_it_is_still_turning_out_to_be_a_diffic-a-4_1697878144832.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Ratcliffe owns a third of Mercedes and Wolff said United can look forward to better times ahead with &#8216;no bulls***&#8217; with the\u00a0British petrochemicals billionaire at the helm at Old Trafford\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/21\/09\/76750579-12656213-United_s_owner_the_Glazer_family_pictured_are_Avram_left_and_Joe-a-3_1697878142759.jpg\" height=\"422\" width=\"634\"><\/p>\n<p>United&#8217;s hugely unpopular American owners have drained more than \u00a31bn out of the club since their leveraged takeover in 2005 (pictured &#8211; Avram Glazer (left) and Joel Glazer (right)<\/p>\n<p>Overall, they have taken more than \u00a31bn out of United in the form of dividends, interests, costs and fees during their 18-year-reign, which has been dominated by a decline in on-pitch performance and success.\u00a0<\/p>\n<p>However, Mail Sport\u00a0 revealed on Thursday\u00a0how Ratcliffe&#8217;s deal may not be completed in time for the opening of the January transfer window.<\/p>\n<p>It had been hoped that the investment, of around \u00a31.4billion, would be ratified at a board meeting on Thursday afternoon.<\/p>\n<p>However, lawyers are continuing to work on the finer details of what is a complex agreement, and insiders have warned that a final agreement could take &#8216;weeks&#8217;.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12656213\/Man-United-Sir-Jim-Ratcliffe-Mercedes-Toto-Wolff.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Man United can look forward to better times ahead with Sir Jim Ratcliffe, claims Mercedes chief Toto Wolff&#8230; as he insists the billionaire &#8211; who is a part owner of the F1 team &#8211; &#8216;cuts out the bulls***&#8217; and has his &#8216;heart&#8230;<\/p>\n","protected":false},"author":2,"featured_media":294672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wolff - United can look forward to better times ahead under Ratcliffe - Sports-Life-News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sports-life-news.com\/soccer\/wolff-united-can-look-forward-to-better-times-ahead-under-ratcliffe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wolff - United can look forward to better times ahead under Ratcliffe - Sports-Life-News\" \/>\n<meta property=\"og:description\" content=\"Man United can look forward to better times ahead with Sir Jim Ratcliffe, claims Mercedes chief Toto Wolff&#8230; 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