Tottenham enter legal battle with Jim Ratcliffe and Manchester United owners INEOS
Tottenham Hotspur are set for a legal battle against Jim Ratcliffe and Manchester United owners INEOS over a multi-million-pound partnership which the multinational conglomerate now wants to renege on.
Sir Jim Ratcliffe’s INEOS, who own 25 per cent of Man United, announced a multi-million-pound, five-year deal with Spurs in December 2022 to promote INEOS Grenadier car as the club’s ‘official 4×4 vehicle partner’.
However, it emerged earlier this year that talks were underway to end the sponsorship deal between Spurs and INEOS two years before it runs out, with the United owners having to undertake major cost-cutting measures due to financial pressures.
It turns out that talks have been ongoing since February, and with the two parties unable to find a solution, with Tottenham Hotspur now taking legal action.
Tottenham lodge a complaint against Ineos Automotive Limited
According to The Telegraph, with the negotiations no closer to reaching an agreement, Spurs took High Court legal action on June 12.
The North London club have lodged a claim against INEOS Automotive Limited in a commercial listing under “general commercial contracts and arrangements”.
Tottenham are not the only ones to launch a complaint against Man United’s owners, with the outlet claiming that New Zealand Rugby have also taken legal action against Ineos for an alleged breach of contract after a six-year deal.
Spurs are battling Man United in the transfer market as well
It is not just in the courtroom where Daniel Levy and Sir Jim Ratcliffe may go head to head this summer, but also in the transfer market.
It has been widely reported over the last 24 hours that Spurs are trying to hijack Man United’s move to Bryan Mbeumo after Thomas Frank was confirmed as their head coach.
In fact, some sources have even alleged that Tottenham have tabled a £70m offer for Mbeumo, which is considerably more than what the Red Devils have offered Brentford for the player.
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