Sir Ben Ainslie and Sir Jim Ratcliffe's partnership has dissolved after a bitter row, leading to the INEOS team's withdrawal from the America's Cup without Ainslie. This latest setback fuels the perception of an 'INEOS curse,' as Ratcliffe's involvement in various sporting ventures seems to be associated with declining performance.
Simon Jordan's ' INEOS curse' claim seems to have resurfaced after a heated dispute between Sir Ben Ainslie and Sir Jim Ratcliffe led to the dissolution of their £200 million partnership. Ainslie expressed astonishment at Ratcliffe's INEOS 's decision, which confirmed that their bid for the America's Cup , the pinnacle of sailing achievement, would not include the four-time Olympic champion.
Though a British boat has never claimed victory in the America's Cup, the oldest continuous international sporting competition, Ainslie was optimistic after securing a triumph over Italy in the October 2024 Louis Vuitton Cup series, earning a spot in the main event. However, Emirates Team New Zealand claimed their third consecutive victory, led by a commanding performance from captain Peter Burling. Following the competition, Ainslie vowed to lead Great Britain to victory in 2025, replicating his success with Team USA in the 2013 America's Cup and ending the 173-year wait for a British triumph.INEOS Britannia, the team representing INEOS in the America's Cup, announced their plans to continue competing in the 38th edition of the event. However, their statement revealed that they had parted ways with Sir Ben Ainslie due to an inability to reach an agreement regarding the terms for their continued collaboration. Ainslie's team responded with astonishment, citing significant legal and practical hurdles presented by INEOS's new direction for the America's Cup. This development further fuels the perception of a 'INEOS curse,' with Ratcliffe's involvement in various sporting ventures seemingly leading to underperformance or setbacks. Recent examples include the Ineos Grenadiers' failure to secure a single stage win at the 2024 Tour de France, despite their inception as Team Sky in 2010, and the struggles faced by other INEOS-backed teams such as FC Lausanne, OGC Nice, Mercedes-AMG Petronas F1 Team, and the All Blacks. Jordan's observations highlight the pattern of challenges encountered by teams associated with INEOS, raising questions about the impact of their investment strategy and leadership. The situation at Manchester United, where Ratcliffe has overseen cost-cutting measures, including redundancies and the termination of Sir Alex Ferguson's ambassadorial role, adds to the concerns surrounding INEOS's approach to managing sporting organizations
INEOS America's Cup Sir Ben Ainslie Sir Jim Ratcliffe Sports Curse Manchester United Ineos Grenadiers
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ainslie Exits Ineos Britannia for the 38th America's CupSir Ben Ainslie has parted ways with Ineos Britannia after their confirmation that he will not lead their challenge for the 38th America's Cup. Ineos announced Dave Endean as the new CEO, while Ainslie's team, now known as Athena Racing, expressed surprise and raised concerns about the legal and practical obstacles Ineos faces. Despite the departure, Ineos chairman Sir Jim Ratcliffe remains optimistic, highlighting the team's achievements in Barcelona and their commitment to developing a competitive AC38 yacht.
Read more »
Ineos and Ben Ainslie Part Ways in America's Cup BidSir Jim Ratcliffe's Ineos and British sailing legend Ben Ainslie have ended their partnership in the America's Cup race after failing to agree on future plans. Their joint venture aimed to bring the coveted trophy to Great Britain for the first time since its inception in 1851 but ultimately fell apart due to 'significant legal and practical obstacles'.
Read more »
Manchester United Fans Furious as Sir Jim Ratcliffe Plans More Funding CutsManchester United minority co-owner Sir Jim Ratcliffe is facing backlash from fans after reports emerged that he plans to implement further funding cuts, including scaling back support for the club's Foundation.
Read more »
Elon Musk Compared to Sir Jim Ratcliffe by Football Finance ExpertA football finance expert has drawn comparisons between Elon Musk and Manchester United's majority shareholder Sir Jim Ratcliffe, warning Liverpool fans to be wary of the potential impact of Musk's ownership. Dr Rob Wilson, a former Professor of Applied Sport Finance at Sheffield Hallam University, believes Musk's focus on efficiency, similar to Ratcliffe's approach at Manchester United, could result in staff downsizing at Liverpool.
Read more »
Former Manchester United CEO returns to sport with new global roleRichard Arnold left Manchester United at the time of Sir Jim Ratcliffe's minority stake purchase
Read more »
Manchester United Foundation to be affected by Jim Ratcliffe's continued purgeSir Jim Ratcliffe has continued to face criticism over his continued cost-cutting at Old Trafford
Read more »