After Ferguson, Tottenham's owner Ratcliffe ends his sponsorship contract early before taking over Manchester United...Old Trafford is in crisis too
Feb 20, 2025
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Britain's 'BBC' reported on the 20th (Korea time) that 'Ineos is in negotiations with Tottenham to end its sponsorship contract early.' Ineos became an official partner to supply hand sanitizer to Tottenham during the COVID-19 pandemic in 2020. It also announced a multi-year contract in December 2022 as Tottenham's official 4x4 vehicle partner.
But the relationship is coming to an end. 'BBC' said 'According to a credible source, there is an option to terminate the contract at the end of this season, and friendly discussions are underway'
Tottenham's sponsorship contract with Ineos came before Ineos acquired a 27.7% stake in Manchester United for $1.6 billion (about 2.3035 trillion won) in February 2024. The Tottenham Hotspur Stadium is marked with the logo 'Inios Grenade' everywhere. Dominic Solanke and Ben Davies have appeared in a video promoting the vehicle. Both Ineos and Tottenham have declined to comment on the early end of the sponsorship.
Ineos is said to be under legal action from the management agency due to the company-wide 'cost-cutting measures'. Tottenham's withdrawal also came a week after it was revealed Ineos had withdrawn New Zealand Rugby's sponsorship deal early on.
Ineos has also backed the Britannia Americas Cup sailing team since 2018, but last month split from four-time Olympic champion Ben Ainsley. Manchester United is also considering additional job cuts.
Ineos has already laid off 250 United employees. In order to cut costs, he also ended his Ambassador contract with Alex Ferguson, a living Manchester United legend.
Ferguson signed a 2.16 million pound annual global ambassador contract immediately after his retirement in 2013. The contract, which had been in place for over a decade, was broken by Ratcliffe.
Manchester United's Old Trafford is in many ways untidy. Tottenham is also on fire.
This article was translated by Naver AI translator.
