Sir Jim Ratcliffe set to maintain partnership with Tottenham after Man United takeover
Sir Jim Ratcliffe has ownership in varieties of sports
Later this week, it’s expected to be announced that Sir Jim Ratcliffe has invested in Manchester United, although the British tycoon will continue to have a connection to a different Premier League team.
Sheikh Jassim withdrew from consideration after months of negotiations, and Ratcliffe is now expecting to reach an agreement for a minority 25 per cent share at Old Trafford.
Manchester United are slated to be the focal point of the INEOS sporting portfolio, which is run by CEO Ratcliffe and comprises FC Lausanne-Sport, Nice of the Ligue 1, and deals with cycling, rugby and Formula 1.
Tottenham Hotspur and INEOS began working together in 2020 during the Covid-19 epidemic, and a new agreement was made public in December of the previous year. In recent months, the club’s stadium has also included branding from the petrochemicals company, including on benches in the dugouts.
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When the agreement was reached, Tottenham manager Todd Kline said:
“Our partnership with INEOS Grenadier represents the coming together of an innovative British brand with an iconic London football club – both of whom are committed to pushing boundaries and daring to do things differently.”
The Telegraph says that despite being a “relatively minor” commitment in comparison to the Old Trafford investment, there are no intentions to cancel the multi-year partnership.
Once his contract is finalised, Sir Jim Ratcliffe is anticipated to be granted control over football operations at Old Trafford, which has caused uncertainty over John Murtough and Richard Arnold’s futures.