Ineos and Ratcliffe need a sporting win and fast April 11, 2025 “Ineos Britannia announces that it has withdrawn its intention to challenge for the next America’s Cup.” Those were the words issued this week in the latest sporting scaleback by British chemicals billionaire Sir Jim Ratcliffe. The stream of negative news out of Manchester United – including hundreds of job losses, brutal cost-cutting and criticism over [...]
Manchester United Old Trafford plans set to be revealed March 10, 2025 Manchester United are today expected to announce plans for a new stadium to replace Old Trafford after co-owner Sir Jim Ratcliffe defended the club’s penny pinching. A “Wembley of the North” on the site of Old Trafford has been Ratcliffe’s goal since the billionaire purchased just under 30 per cent of Manchester United last year. [...]
Ratcliffe calls on Europe to ditch carbon tax to save chemicals industry February 26, 2025 Sir Jim Ratcliffe has warned that Europe’s chemicals industry “faces extinction” and called on European Union leaders to ditch their carbon tax and increase tariffs to preserve it. In an open letter published on Wednesday, the founder and owner of chemicals giant Ineos launched an excoriating assessment of the EU’s approach to the chemicals sector, [...]
Man Utd job losses could hit 450 as Ratcliffe swings axe again February 24, 2025 Manchester United have confirmed plans to make up to another 200 redundancies in a bid to arrest five years of continuous losses at the 20-time English champions. It comes just months after Sir Jim Ratcliffe and Ineos slashed 250 jobs at Old Trafford and could take the total number of redundancies to 450 since he [...]
Glazer answers question of whether Manchester United is for sale February 20, 2025 Manchester United co-owner Avram Glazer has given a definitive answer as to whether he would sell his share in the Old Trafford club. The Premier League club published their results this week, showing a £14.5m cost for disposing of former manager Erik ten Hag, sporting director Dan Ashworth and others. The club therefore made a [...]
Tennis sceptics have got it wrong – we need more mixed-sex sport events February 20, 2025 Some players aren’t happy with the US Open’s drastic rethink of mixed doubles, but tennis should be applauded for a move that is good for women’s sport, says Ed Warner. Even the most ardent tennis fan probably couldn’t tell you who won the mixed doubles at last year’s US Open, or any of the other [...]
Man Utd slump to another loss despite Ratcliffe cost-cutting February 19, 2025 Manchester United have suffered another financial loss after a fall in revenues that reflects the men’s team’s worsening on-field struggles. The club made a loss of £27.7m for the second quarter of their financial year, to 31 December – a 236 per cent swing into the red from the same period in 2023. For the [...]
Ahead of the Game: Tottenham in crosshairs as Ratcliffe eyes more cuts February 19, 2025 Sir Jim Ratcliffe and Ineos are set to continue cutting their investment in sport beyond Manchester United with the company’s commercial deal with Tottenham Hotspur unlikely to be renewed. Spurs signed a five-year contract with Ineos Grenadier as their official 4×4 vehicle partner in 2022, having previously partnered with Ineos Hygienics as official hand sanitiser [...]
Mercedes team reject fears of Ineos Formula 1 exit February 18, 2025 Formula 1 powerhouse Mercedes have been forced to deny that the team’s ownership could shift amid a wave of sporting cuts by co-owners Ineos. The chemicals giant, part-owned by British billionaire Sir Jim Ratcliffe, holds 33 per cent of shares in the Mercedes AMG Petronas F1 Team, with team principal Toto Wolff and the German [...]
Sponsors All Blacks could chase after falling out with Man United part-owners Ineos February 15, 2025 Last week it was revealed that rugby giants New Zealand, including the famous All Blacks, were suing sponsors and Manchester United part-owners Ineos. The chemicals firm, co-owned by British billionaire Sir Jim Ratcliffe, stands accused of breaching its sponsorship agreement by failing to pay an installment of a £27m, six-year deal, that was signed in [...]