SIR JIM RATCLIFFE’S Ineos are in talks to cancel their Tottenham sponsorship two years early.
Spurs have a multi-million pound, five-year deal with the petrochemical company, founded by Manchester United chief Ratcliffe, that sees their dugout seats bear the Ineos name.
GettySir Jim Ratcliffe could cut short Ineos’ Tottenham deal[/caption]
AlamyThe deal secures the Ineos Grenadier as Spurs’ ‘official 4×4 vehicle partner’[/caption]
The deal was signed in December 2022 to promote the Ineos Grenadier car.
It is Tottenham’s “official 4×4 vehicle partner” but it seems that link-up could be approaching an end.
Ineos are in discussions with the club over withdrawing from the agreement two years before it expires, report The Telegraph.
It comes amid a strew of cuts at Manchester United overseen by Ratcliffe.
SunSport understands the club is set to axe up to 200 more staff in his latest cost-cutting move.
All departments are at risk of seeing their numbers slashed.
A source exclusively told The Sun: “Ultimately, football is a business but there are hundreds of people who work tirelessly behind-the-scenes who contribute to any club’s success.
“Morale is already on the floor after last year’s job losses. This will come as another big blow.”
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It comes after Ratcliffe made 250 of the 1,150 workforce redundant in July.
Ratcliffe is reportedly concerned the club could go bust unless radical cuts are made.
United lost £300m over the past three years – but the United co-owner is confident he can turn things around in two seasons.
Insiders told the outlet United would have “run out of cash” had Ratcliffe not injected £240m last year.
And Ratcliffe is prepared to keep going with his cost-cutting – despite knowing it is hugely unpopular with fans.
Almost every United player could be up for sale this summer at Old Trafford.
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