Tottenham sues Manchester United owners.

Tottenham have decided to sue Sir Jim Ratcliffe's Ineos group for breach of sponsorship agreement.

Sir Jim Ratcliffe is embroiled in a legal dispute with Tottenham.

In December 2022, Tottenham signed a promotional partnership agreement with Ineos Automotive, a subsidiary of the Ineos group headed by billionaire Sir Jim Ratcliffe. This five-year sponsorship deal aimed to promote the Grenadier 4x4 off-road vehicle, with the Ineos Automotive logo prominently displayed at Tottenham's stadium.

On June 13th, the Telegraph reported that Ineos Automotive wanted to terminate the sponsorship agreement two years early. This unexpected move prompted Tottenham to take legal action. The London club claimed that Ineos' early withdrawal had caused significant financial losses, estimated to be in the millions of pounds.

The reason for Ineos' withdrawal is believed to be related to a change in the group's development strategy. Since 2024, Ineos has owned 28.9% of Manchester United, one of Tottenham's major rivals in the Premier League. The continued presence of the Ineos logo at Tottenham's stadium was considered inappropriate.

Furthermore, this decision reflects Ineos' overall financial situation. The group is facing immense financial pressure, with reported debt levels five to six times its profits. To alleviate this burden, Ineos is in the process of cutting sponsorships for several other sports teams, including the Ineos Grenadiers cycling team and the New Zealand All Blacks rugby team.

This reflects a broader strategic shift by Ineos in resource allocation, prioritizing core investments and cutting unnecessary expenses.

Before taking the case to court, the two parties held mediation talks in February to find a solution. However, these efforts were unsuccessful, forcing Tottenham to pursue legal action.

Bruno Fernandes' failed rabona attempt: On the evening of May 30th, Bruno Fernandes attempted an unsuccessful rabona during Manchester United's 3-1 friendly win against Hong Kong (China).

Source: https://znews.vn/tottenham-kien-gioi-chu-mu-post1560753.html