Manchester United co-owner Sir Jim Ratcliffe and his company INEOS are facing legal action from New Zealand Rugby over a breached sponsorship agreement. The All Blacks had a six-year deal with INEOS, but the company allegedly failed to pay the first installment for the 2025 season, leading to the termination of the partnership and subsequent legal proceedings.
Manchester United co-owner Sir Jim Ratcliffe and his company INEOS have been ‘sued’ as he’s been accused of ‘breaching a sponsorship agreement’.has become a hugely unpopular figure at Old Trafford as he’s made several controversial decisions since taking over from the Glazer family.The British billionaire has sparked controversy by hiking ticket prices, making mass redundancies, cutting Christmas benefits and taking away Sir Alex Ferguson’s ambassadorial role.
‘What was branded as a “unique new six-year partnership” with New Zealand Rugby – and which included all seven of its national teams – was announced in July 2021 and due to run across six years from 2022 until 2027.‘It was understood to be worth NZ$8 million a year to New Zealand Rugby, with Ineos promising to fuse expertise in Formula One, cycling, sailing and football as “part of a unique sport performance group”.
In a statement, New Zealand rugby said: “New Zealand Rugby is disappointed that Ineos has breached its sponsorship agreement. Most recently, it failed to pay the first instalment of the 2025 sponsorship fee, confirming its decision to exit our six-year agreement. “NZR is actively pursuing new commercial opportunities and global interest in the All Blacks and other Teams in Black remains high. We are committed to being world class on and off the field and deliver unique value to sponsors through our iconic brands.”
SPONSORSHIP LEGAL BREACH INEOS RUGBY NEW ZEALAND
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