Is this the end of a business giant business? Ineos Sport, a subsidiary of the Ineos petrochemical giant will reduce the wing in 2025, at all levels of its sports project. It is a company that had invested 250 million euros in 2022, after spending 480 million euros in its football activities (excluding team takeover), cyclist and F1 between 2019 and 2021.
In total, according to estimates, 1.2 billion euros were injected. Yet in 2025, the whole present in the world of football, Formula 1, cycling, rugby and sailing via the America Cup, will contract.
Decrease in F1, America Cup and cycling
Already in Formula 1, the departure of Lewis Hamilton will allow the English company to save 30 million euros per season now. According to the agreements of its investment of 2021, the company Ineos agreed to participate in the financing of the salary of Lewis Hamilton, as long as the seven -time world champion was present in the stable. The pilot leaving in 2025 to join for the Scuderia Ferrari, Ineos saves 50% of his salary of the 2024 season. Or 30 million euros.
Info #Sportune in 2024, the OGCNICE reduced its losses by more than half over one year (58.5%), but it completed its fiscal year on June 30 with a deficit of 26.669 million euros (against 64.172 m € a year earlier) ????
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– Sportune (@sportsune.bsky.social) January 23, 2025 at 20:29
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American Cup side, according to The Telegraphtensions have appeared between the skipper Ben Ain AinSlie team and the owner of the Empire Ineos, Jim Ratcliffe, which could jeopardize the sailing team. Ratcliffe would have invested up to 200 million pounds sterling (250 million euros) in two attempts to win the America Cup. Of which 135 million euros only for the 2024 edition. The Ineos Britannia team also benefited from the technological competition of the Formula 1 Mercedes team, whose petrochemical giant is a 33% shareholder for the design of the AC75. Despite a final against the New Zealand challenge, the group failed, beaten 7-2 in a match that hurts, compared to the means deployed. Hammering that the two victories of the British challenge are the first in the competition since 1934 will not be enough.
The company is also one of the main sponsors of the Ineos Grenadiers cycling team, with a budget of 50 million euros each year. At the start of 2025, Jim Ratcliffe said that it did not want to spend more money and that the team should seek a second title sponsor.
Massive investments in Manchester United
Last December, Ratcliffe increased his participation in the capital of Manchester United, of which he now has 29% of the Premier League club. In total he has invested more than a billion euros in the English football team and it is announced the payment of another billion in the construction of a 100,000 -seat stadium which will replace Old Trafford. Man is increasingly influential. The team, however, continues to have difficulties in the field and currently occupies 13th place in the England championship. On the stock market side, Manchester United saw its value over a year drop by 20%.
As indicated on Sport In April 2024, Jim Ratcliffe's fortune underwent a drop melted last year. According to recent Forbes data, it increased from $ 22.9 billion in 2023 (21.1 billion euros) to $ 16.5 billion estimated in 2024 (15.2 billion euros), or one Loss of $ 6.4 billion (5.9 billion euros). What force him to think a little more about his future major expenses.
