INEOS own a third of the Mercedes Formula One team (Image: Getty)
relationship with is not believed to be under threat despite the petrochemicals giant reviewing its sports portfolio. INEOS are one-third stakeholders in the Formula One team.
The F1 outfit are owned by three equal partners – INEOS, and -Benz AG. However, speculation surfaced that INEOS could row back on their relationship with after conducting a re-evaluation of their sporting investments.
Chairman ’s influence in sport has grown in recent years, becoming a co-owner at club . However, it was announced this week that the INEOS Britannia sailing team have split from team boss Sir Ben Ainslie.
Reports claim that a review of INEOS’ sporting portfolio has been carried out in the aftermath of the surprise parting of ways. The relationship with is not expected to be affected, though.
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An INEOS spokesperson told : “We remain a committed owner and partner to the team and will look to continue our relationship on America’s Cup, which the team were a significant part of for AC37.”
INEOS’s stake in has significantly grown since they bought into the team. The Silver Arrows are highly profitable and the F1 team is said to be worth over £3billion.
are hoping to enjoy a far better 2025 than previous seasons. ’s emotional departure to sees team principal Wolff guide them into a new era. Teenager Kimi Antonelli is replacing the veteran seven-time world champion, partnering .
Meanwhile, Ratcliffe increased his stake in in December. He had previously completed a deal to own 27.7 per cent of the Red Devils. However, that stake rose to nearly 29 per cent before Christmas.
Sir Jim Ratcliffe has a big job to do at Mercedes and Manchester United (Image: Getty)
INEOS are now set to oversee a major overhaul both on and off the pitch at Old Trafford. ’s first-team squad requires drastic improvements, with the club 13th in the and struggling for consistently positive results.
Amorim was appointed in November after was dismissed. United are yet to enter the market for new signings during the January transfer window but could do so after Antony was loaned to Real Betis, who will cover a large portion of the Brazilian’s salary. Alejandro Garnacho has also been linked with a £55m exit.
Off the pitch, Manchester-born Ratcliffe has promised to either develop or rebuild the club’s Old Trafford home.