{"id":292288,"date":"2023-10-29T08:00:09","date_gmt":"2023-10-29T08:00:09","guid":{"rendered":"https:\/\/sportsloveme.com\/?p=292288"},"modified":"2023-10-29T08:00:09","modified_gmt":"2023-10-29T08:00:09","slug":"ratcliffe-has-alternative-plan-for-man-utd-takeover-involving-hamilton","status":"publish","type":"post","link":"https:\/\/sportsloveme.com\/soccer\/ratcliffe-has-alternative-plan-for-man-utd-takeover-involving-hamilton\/","title":{"rendered":"Ratcliffe has alternative plan for Man Utd takeover involving Hamilton"},"content":{"rendered":"

Manchester United and England great Sir Bobby Charlton dies aged 86<\/h3>\n

Sir Jim Ratcliffe couldn’t resist the opportunity to take on the Manchester United revival job, not just for the challenge itself, but also for the exposure it would bring to INEOS. Ratcliffe’s chemical company spends about \u00a3300 million a year on sports and owns\u00a0French\u00a0Ligue 1\u00a0side\u00a0OGC Nice, Swiss Challenge League\u00a0side\u00a0FC Lausanne-Sport and is a Principal Partner and third equal owner of the\u00a0Mercedes F1 team.<\/p>\n

One of the perks of owning a 33 per cent stake in Mercedes is that INEOS’ logo is painted on the side of Lewis Hamilton’s car. Advertising doesn’t get much better than that – and according to Ratcliffe, it’s a fantastic investment.\u00a0<\/p>\n

\u201cSo you can spend your money on advertising, or you can do it in a completely different way, which is to invest in sport,” he wrote in\u00a0Grit, Rigour & Humour \u2014 The Ineos Story, published earlier this year.<\/p>\n

“If I put money into a Formula One team and in consequence get a lot of publicity, it isn\u2019t money that\u2019s disappeared; it\u2019s money that\u2019s invested. And my investment in Formula One will be worth more in five years\u2019 time. So all that brand exposure won\u2019t have cost me anything.\u201d<\/p>\n

<\/p>\n

Ratcliffe is still waiting to hear back from Man Utd as to whether his \u00a31.3bn bid for 25 per cent of the club will be accepted by the board. The 71-year-old was given a clear path to a minority share in the club after Qatari businessman Sheikh Jassim bin Hamad al Thani withdrew from the bidding process two weeks ago.<\/p>\n

Ratcliffe is bidding to take control of the football side of the business at United and wants to bring in his own people from INEOS to ensure the ship sails smoothly.\u00a0This could lead to Chief Executive Richard Arnold and Director of Football John Murtough being ousted from their roles.<\/p>\n

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