MU owner loses a lot of money because of Tottenham.

Ineos, owned by billionaire Sir Jim Ratcliffe, has agreed to pay Tottenham to settle a lawsuit over breach of contract.

Manchester United's owner is being sued by Tottenham over a past contract.

The Daily Mail reports that Ineos paid around £11 million. According to the original contract, Ineos became Tottenham's "official 4x4 vehicle partner" for five years, with a minimum total value of £17.5 million.

However, in March of this year, Tottenham unilaterally terminated the agreement after accusing Ineos of failing to make regular payments, with the amount owed totaling over £5.5 million.

Tottenham subsequently sued Ineos, seeking nearly £5.3 million in compensation. However, the two sides reached a settlement with a payment of only about half that amount, estimated at over £11 million including legal costs and additional clauses.

Meanwhile, Ineos filed a counterclaim, demanding over £1 million in compensation from Tottenham for "violation of exclusive commercial rights." According to Ineos, Tottenham negotiated a partnership with Audi during the time of striker Harry Kane's transfer to Bayern Munich, thereby violating the exclusivity clause in their sponsorship agreement.

However, Tottenham denies this accusation and insists they have never reached any formal agreement with Audi.

The lawsuit between Tottenham and Ineos concluded amidst Sir Jim Ratcliffe's group cutting back on many of its sports sponsorship activities due to increasing financial pressure.

Manchester United's young player scores a solo goal from his own half. In the early hours of November 5th, midfielder Jacob Devaney scored a spectacular solo goal to help Manchester United's U21 team defeat Notts County 2-0 in the third matchday of Group D of the Football League Trophy.

Source: https://znews.vn/chu-mu-mat-bon-tien-vi-tottenham-post1600573.html