Ineos Chemical Group’s Expansion into Sports Territory: Acquiring Manchester United and More

2023-12-25 08:14:01

Taking over Manchester United in the Premier League, Ineos Chemical Group expands its sports territory

(AFP, Manchester, UK, 24th) British billionaire Jim Ratcliffe reached an agreement to acquire 25% of the famous Premier League team Manchester United for 1.3 billion pounds. Ratcliffe’s Ineos Chemical Group ( INEOS’s involvement in sports investment has expanded once more.

Manchester United issued a statement on Christmas Eve, announcing that Raycliffe’s multinational chemical giant Ineos would take over the future operations of the team from the Glaser family. Ineos has previously invested in Ligue 1 football, freestyle racing, Formula One racing, track and field, sailing and other sports.

In 2019, they acquired the operating rights of the French Ligue 1 team Nice for a reported price of 100 million euros. At that time, Bob Ratcliffe, brother of Ineos, who was in charge of football operations, made a bold statement that he would start in 3 It is expected that Nice will win the Champions League within five years, but it has not yet been achieved; Nice is currently ranked second in Ligue 1 this season.

Ineos also got involved in freestyle racing in 2019, buying the British team Sky, the dominant team in the freestyle cycling industry. Team Sky won six Tour de France titles from 2012 to 2018.

In 2020, Ineos acquired the Formula One Mercedes team.

Eliud Kipchoge, a long-distance runner sponsored by Ineos, became the first runner to run a marathon under 2 hours in Vietnam in 2019.

In addition, INEOS Britannia, led by Ben Ainslie, who has four Olympic gold medals, will compete in next year’s America’s Cup in Barcelona. I hope Yixue will finish second in 2021 and miss the opportunity to create the event. The first British champion team in history was humiliated.

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