Man Utd owner Sir Jim Ratcliffe ‘in talks to CANCEL Tottenham sponsorship two years early’ after wave of cutbacks
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.
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 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.