INEOS are seeking to end their sponsorship deal with Tottenham Hotspur as Sir Jim Ratcliffe continues scrambling to free up funds at Old Trafford.
Article continues below
Article continues below
Article continues below
Ineos reducing sports investmentsRatcliffe looking to end Spurs dealUnited's financial woes continueFollow GOAL on WhatsApp! 🟢📱WHAT HAPPENED?
INEOS are currently in turmoil following New Zealand Rugby's accusation that the petrochemicals company failed to pay the latest instalment of its £3.7 million-a-year sponsorship deal with the All Blacks. However, some respite may be in sight for Ratcliffe's global firm as discussions have reportedly taken place for their sponsorship deal with Spurs to come to an end early.
AdvertisementAFPTHE BIGGER PICTURE
The chemicals company signed a five-year-deal with Spurs in 2022, designed to promote its 4×4 Grenadier car. Since then, numerous players have been featured in promotional content for this partnership, including Ben Davies, Dominic Solanke and Timo Werner. However, as INEOS aims to cut back on its sports investments across the world, "amicable talks" have reputedly taken place to cut short the Tottenham contract, according to
DID YOU KNOW?
United's minority owner Ratcliffe has been widely criticised for his ruthless cost-cutting at Old Trafford, which has seen the budget of the club's charity foundation slashed and legendary club ambassadors like Sir Alex Ferguson relieved of their duties. On top of that, rumours emerged earlier this week that hundreds of staff members could be made redundant in the latest wave of job cuts sparked by Ratcliffe and Co.
GettyWHAT NEXT FOR INEOS AND UNITED?
Neither Spurs nor INEOS have commented on the recent talks regarding their sponsorship deal, but freeing up this cash could be crucial when it comes to funding Ratcliffe's Old Trafford operations. He claims the club is in danger of going bust, but many people think his choice of cost-cutting measures is heartless, particularly considering the vast amounts of money he continues to pump into an overpaid, under-performing first-team squad.
