Ineos Grenadiers close to new sponsor deal to restore their fortunes
Ineos Grenadiers are close to agreeing a multimillion-pound sponsorship deal with TotalEnergies that insiders believe will restore the team's status as one of the strongest in the peloton.
The agreement will also enable Sir Jim Ratcliffe, the Ineos chairman, to make further savings across his sports portfolio as he focuses more of his attention on his co-ownership of Manchester United.
But the partnership between Ineos and TotalEnergies, another petrochemicals giant, is seen as an essential step in securing the investment required for the cycling team to become more competitive in a men's peloton now being dominated by Tadej Pogacar's UAE Team Emirates XRG and Visma-Lease a Bike, the team of Jonas Vingegaard.
Ratcliffe spends about £40million a year on the cycling team he bought from
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