As part of the transaction, Daimler will reduce its stake from 60%, while Wolff will up his shareholding from 30%, the statement said.
Mumbai Indians, Kolkata Knight Riders, Rajasthan Royals, Sunrisers Hyderabad and Lucknow Super Giants are among the IPL franchises who have submitted bids.
Businesses invest in cycling teams for broad television exposure but with elite racing events cancelled or postponed due to the coronavirus outbreak, sponsors could trim their budgets. Cycling teams' sponsorship-based model could lead to their financial ruin as businesses struggle to deal with the economic impact of the COVID-19 pandemic.
Manchester United's most successful manager Alex Ferguson will step down as a global ambassador after the club's part-owners INEOS ended his multi-million pound contract.
The 22-year-old Bernal, the youngest rider to win the race in 110 years, gave Team Ineos --formerly Team Sky -- their seventh title in the last eight editions.
Jim Ratcliffe pledged to invest $300 million in Manchester United to try to revive its fortunes.
Ruud van Nistelrooy will take over on an interim basis.
Michal Kwiatkowski, the unsung hero of Team Sky/Ineos during their dominant years, claimed his maiden Tour de France victory
Ten Hag's contract was set to expire at the end of the 2024-25 season but denying Manchester City a domestic double and qualifying for the Europa League earned him another chance.
'I just want to thank the whole team ... everybody it took to get to here.'
Three team mates of defending champion Jonas Vingegaard crashed when Sepp Kuss hit the spectator's arm and lost his balance.
All team members, riders and staff had until 1100 GMT on Monday, the Tour's first rest day, to take a test in the mobile laboratory provided by organisers.
Team Ineos's Luke Rowe and Lotto Jumbo-Visma's Tony Martin were both kicked out of the race following an altercation, just under 14 kilometres from the finish.
On Wednesday, Swiss business tycoon Hansjoerg Wyss said he was one of three people who had been approached by Abramovich to buy the club.
German Lennard Kamna and Bora-Hansgrohe team mate and compatriot Maximilian Schachmann were second and third respectively.
Urge them to end 'avalanche of plastic'
A summary of sports events and persons who made news on Friday.
The sources requested anonymity because the matter is confidential. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Briton Adam Yates retained the overall leader's yellow jersey after staying tucked in the main peloton, which crossed the line with a deficit of 2:53.
Makes us wonder how these cyclists don't fall short of breath as they pedal to the finish line. Here's a glimpse of the tricky but beautiful terrain that outlines the Tour de France...
A deal for United is expected to shatter records for the sale of a sports business. The club's current majority owners, the Glazer family, are seeking a valuation as high as 7 billion pounds ($8.42 billion).
Slovenian Tadej Pogacar claimed a second successive Tour de France title after Sunday's 21st and final stage, which was won by Belgian Wout van Aert on the Champs Elysees.
Copenhagen is known as the world's most bike-friendly city but the stage was anything but as rain led to slippery conditions -- especially on the cobblestones -- where a couple of riders crashed.
Norway's Kristoff outsprinted Danish world champion Mads Pedersen after 156 km around Nice.
Roglic leads Pogacar by 40 seconds and Colombian Rigoberto Uran by 1:34 as the race is turning into an all-Slovenian affair following Bernal's disappearance.
He reached the halfway mark in 59.35 seconds, 11 seconds inside the target, and ran remarkably consistently with his one-kilometre times fluctuating between 2.48 and 2.52 seconds.
Tadej Pogacar became the first Slovenian to win the Tour de France after he retained the yellow jersey in the 21st stage on Sunday, a day after he pulled off a major coup to take the overall lead.
Stage eight winner Nans Peters had long crossed the line when fellow Frenchman Thibaut Pinot's ordeal ended after the Groupama-FDJ rider, highly fancied to become the first local winner of the race in 35 years, had been dropped in the second ascent of the 141-km trek through the Pyrenees.
Sources deny reports that the football club's Russian billionaire owner is selling the club
The Slovenian played it safe on the last climb of the day but it was enough for him to move to the top of the standings in a ninth stage won by Tour debutant Pogacar.
All the gold medallists from Saturday's action at the Tokyo Olympics.
Summary of sports events and persons who made news on Thursday.
The Tokyo 2020 Olympics torch lighting ceremony in ancient Olympia will be the first in more 35 years to be held without spectators after organisers introduced tighter measures to protect against the coronavirus. Here is a list of international sports events hit by the coronavirus outbreak.
Summary of sports events and persons who made news on Monday
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