Sir Jim Ratcliffe's co-ownership of the Mercedes Formula 1 team operates differently from his involvement with Manchester United. Despite criticism at Manchester United, Ratcliffe's F1 role is more detached from day-to-day operations.
Sir Jim Ratcliffe has received plenty of criticism for his running of Manchester United , but it is unlikely to have an impact on his other major investment in sport including his co-ownership of the Mercedes Formula 1 team. Ratcliffe’s involvement in Mercedes first started in early 2020 when his company, Ineos , signed a sponsorship deal with the team. That quickly evolved to Ineos acquiring a third of the the F1 team's shares from Mercedes ’ parent company, Daimler, at the end of 2020.
It means that the team is equally owned by Daimler, which reduced its holding from 60% to 33.3%, Ineos with 33.3%, and team principal Toto Wolff whose stake was increased to 33.3%. The fact he, or indeed his company Ineos, is a three-way owner of the F1 team means the situation is different to the structure at Manchester United, where, despite being a minority shareholder, he is only one of two entities who hold more than 10% of the voting rights - the other party being the Glazer family. While Ratcliffe, who is estimated by Forbes to be worth around $15.8 billion, has a hands-on role at Manchester United, his position at Mercedes is much more removed from the day-to-day decision making. Although he is chairman of Ineos, he does not have a place on the Mercedes team board, with Ineos’s Andy Currie and Jonny Ginns holding non-executive positions, along with Markus Schafer and Michael Schiebe from Mercedes, while Wolff and his long-term business partner Rene Berger also complete the board. The structure at Mercedes allows its management team to make the day-to-day business decisions, meaning Ratcliffe is not directly involved in the running of the team. Sir Jim Ratcliffe, Chairman Ineos Photo by: Daimler AG Ratcliffe’s presence at F1 races has been minimal since he completed his purchase, mainly as he has his hands tied in Mancheste
BUSINESS Formula 1 Manchester United Sir Jim Ratcliffe Ineos Mercedes Corporate Ownership
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