logo
Ineos seeks early end to Spurs sponsorship

Ineos seeks early end to Spurs sponsorship

Yahoo19-02-2025
Ineos is in talks with Tottenham about an early exit from its sponsorship deal with the club.
The British petrochemical firm, which co-owns Manchester United, became one of Spurs' official partners in 2020 as the club's hand sanitiser supplier during the Covid-19 pandemic.
The company also announced a multi-year deal to become Tottenham's official 4x4 vehicle partner in December 2022.
However, according to well-placed sources there is an option to terminate the contract at the end of this season and discussions - described as "amicable" - are under way.
The partnership pre-dates Ineos' $1.6bn (£1.25bn) purchase of a 27.7% stake in Manchester United in February 2024.
Ineos and Tottenham have both declined to comment.
Earlier this month, BBC Sport reported that United's co-owner and Ineos chair, Sir Jim Ratcliffe, is considering further redundancies at Old Trafford.
Ineos had already made cuts at United, including 250 staff redundancies, removing Sir Alex Ferguson's status as a paid ambassador, and ending the policy of free travel for staff to attend finals.
The news comes a week after it emerged that Ineos had walked away early from its sponsorship deal of New Zealand Rugby (NZR).
Ineos blamed "cost-saving measures" across its business for a move that has led to legal action from the governing body.
Last month, Ineos parted ways with four-time Olympic champion Ben Ainslie, having backed the Britannia America's Cup sailing team since 2018.
Latest Tottenham news, analysis and fan views
Get Tottenham news sent straight to your phone
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wikifarmer Launches UK Operations to Transform Olive Oil Sourcing for British Businesses
Wikifarmer Launches UK Operations to Transform Olive Oil Sourcing for British Businesses

Business Wire

timean hour ago

  • Business Wire

Wikifarmer Launches UK Operations to Transform Olive Oil Sourcing for British Businesses

LONDON--(BUSINESS WIRE)--Wikifarmer, the Athens and Seville-based online agricultural marketplace, is launching UK operations to connect British businesses directly with Mediterranean olive oil producers. With Spanish olive oil prices down 53% year-over-year to €3.55/kg¹, this expansion targets Britain's £320 million olive oil market², projected to reach $1.55 billion by 2030⁶. "Our platform offers free access to quality European producers, with no hidden charges" Share Direct Access. Lower Costs. Greater Transparency. Wikifarmer's platform connects businesses directly with verified Mediterranean producers, eliminating intermediaries to provide transparent pricing, reliable logistics, and flexible credit terms with no subscription fees. The free-to-use model has connected over 7,000 buyers with 15,000 suppliers, facilitating millions in direct trade transactions. "The UK represents a massive opportunity to revolutionize how British businesses source Mediterranean olive oil," says Wikifarmer Co-Founder and CEO, Ilias Sousis. "We offer buyers direct access to quality European producers with the reliability and support they demand." Meeting UK Market Needs British businesses faced olive oil import price increases of 44% in 2024 while dealing with supply chain uncertainties. "Our platform offers free access to quality European producers, with no hidden charges," says Sam Frearson, UK Sales Manager. The UK's £128 billion food and agriculture sector¹¹ relies on traditional supply chains with multiple intermediaries, driving up costs and reducing transparency. Spain supplies 62% of UK olive oil imports, Italy 26%⁴, but most trade passes through costly middlemen. UK olive oil import values rose 31.7% to £333.2 million in 2023⁸, with olive oil comprising 87.1% of Britain's olive market⁷. Recent recovery in global production and a 13.9% drop in EU prices signal market stabilization¹⁰, making now ideal for direct sourcing. Expansion Plans The UK team will focus on onboarding buyers in wholesale, hospitality, retail, and food processing. This expansion advances Wikifarmer's vision to create a digital marketplace connecting farmers directly with buyers, eliminating intermediaries for fair, transparent trade. The company plans further European expansion throughout 2025. About Wikifarmer Wikifarmer ( combines the world's largest agricultural knowledge library with an online B2B marketplace. With over 20,000 direct transactions, Wikifarmer helps businesses reduce costs and supports farmers' profitability.

Manchester United explore Watkins and Sesko costs after narrowing striker search
Manchester United explore Watkins and Sesko costs after narrowing striker search

New York Times

timean hour ago

  • New York Times

Manchester United explore Watkins and Sesko costs after narrowing striker search

Manchester United have narrowed down their striker search to two primary names in Ollie Watkins and Benjamin Sesko. The club have been weighing up various options over the summer and now, having signed Matheus Cunha and Bryan Mbeumo, they are tailoring their energies on who might join up top. No decision has yet been made on which target to advance but United are in contact on both Watkins and Sesko to establish the potential costs of each deal. A move for Nicolas Jackson, a player under consideration, has been ruled out due to Chelsea's demands. Advertisement United are in the evaluation stage and there is internal acceptance that negotiations might take time, with Aston Villa and RB Leipzig each putting significant price tags on their respective players. United need to make sales to raise funds, with Alejandro Garnacho and Antony on the market for valuations that would cover the cost of a major arrival while the departure of players such as Jadon Sancho would also add to the funds available. United's pursuit of a new striker also keeps Rasmus Hojlund's future in doubt and, while Inter's capture of Parma's Ange-Yoan Bonny means the Serie A side are no longer pursuing his signature, several other clubs are observing the situation. United are in the process of weighing up Watkins and Sesko for their contrasting styles, suitability to Ruben Amorim's team, and financial outlay. Villa privately insist Watkins is not for sale, but there is a belief at Old Trafford that a deal can potentially be done. United would not countenance the £60 million Villa demanded from Arsenal in January, given Watkins is 29, but they might look to find an agreement at £40m to £45m. His age means he could have a limited time left at the top level, and there is little resale value, but Watkins would fit the bill as Premier League proven, which Amorim confirmed was a factor in the moves for Cunha and Mbeumo. Watkins has 75 goals in 184 games for Villa in the Premier League, reaching double figures in each of his past five seasons, and is seen by some at United as the transfer target most likely to be a reliable source of goals in England's top flight. Watkins registered 24 goals and assists in the Premier League during the last campaign, behind only Alexander Isak (29) and Erling Haaland (25) among strikers. He also has a pre-existing relationship with Mbeumo from the 2019-20 campaign at Brentford. The pair hit 40 Championship goals between them, with Watkins at centre-forward and Mbeumo as a right winger. The cost of recruiting Sesko would be higher. When he signed his new contract in 2024, it came with the understanding that if an elite club — by his definition — offered in the region of €80m-€90m (£69m to £78m), Leipzig would allow him to leave. Arsenal ended up walking away from a deal after finding talks difficult and the overall expense too great. United have three times looked at signing Sesko, though, dating back to when he was a 16-year-old at Domzale, and he is viewed as having a high potential ceiling. At 22, Sesko could yet be sold in future years, so a transfer should maintain good value. United's director of recruitment Christopher Vivell has history with Sesko also — occupying executive positions at Red Bull Salzburg and Leipzig when him in 2019 and 2022 respectively. But Sesko's tally of 13 goals in 33 Bundesliga games this season is judged by some as falling short of the numbers required for the kind of fee it would take to get him. Advertisement United must also consider Newcastle placing Sesko at the top of their list to replace Isak should he depart to Liverpool. There is anticipation Newcastle are ready to put major finances into the Sesko pursuit. Complications for Watkins are that Villa would need a replacement, and in good time, but United must balance with outgoings and clubs are expected to wait to before progressing their interest on players, such as Chelsea with Garnacho, even if Amorim warned off clubs who may be anticipating a deadline day deal. Analysis by Manchester United writer Carl Anka Leaving aside Watkins' age, a move for him would be a continuation of INEOS' (apparent) transfer strategy this summer. United's business so far appears to favour Premier League-tested attacking players — individuals who would require a shorter acclimatisation period to life at Old Trafford as Amorim attempts to fire his side back up the league table. As such, a deal for Watkins would be a sensible rather than spectacular move to salve the club's goalscoring woes. The England international scored 16 goals and provided eight assists in 38 Premier League games last season, 31 of which were starts. The last two years have seen the England international evolve his game under Unai Emery. Previously a talented but streaky channel-runner, he has become a robust goalscorer and valuable focal point to Villa's attack. If he were to move to United, he would become their best goalscoring threat in the air and when shooting within the penalty area. His runs in behind defences should also bring the best out of Bruno Fernandes, Mbeumo and Cunha operating in deeper areas, too. Analysis by Anantaajith Raghuraman from The Athletic's Transfer Radar There is so much more to Sesko's game than goals. He is keen to get on the ball and willing to take risks, even if his passing can be wayward. Despite his 6ft 5in (195cm) frame, he boasts excellent close control and can dribble past defenders with a change of pace. Coupled with his proficiency in aerial duels, he is a tough assignment for centre-backs. However, Sesko's most important attribute is his shooting. He scores with his stronger right foot, left foot and head (as can be seen in last season's shot map above), and his positioning and off-the-ball movement are excellent. He has thrived when partnered alongside a pacey goal threat, be it Lois Openda at Leipzig or Junior Adamu at Red Bull Salzburg, and any of the clubs interested in him would be improved with him in attack. (Top image: Getty Images)

Katie Ledecky among four gold-medal favorites for the Americans on Day 3 at swim worlds

timean hour ago

Katie Ledecky among four gold-medal favorites for the Americans on Day 3 at swim worlds

SINGAPORE -- Katie Ledecky leads the Americans on Tuesday at the swimming world championships, where the United States is the gold-medal favorite in four of the five finals on Day 3. The Americans have one gold from the first two days of the meet, clearly slowed by what team officials call 'acute gastroenteritis' picked up at a training camp in Thailand. But symptoms have faded and results seem sure to follow in Singapore. Ledecky goes in the 1,500-meter freestyle where she is virtually unbeatable. She holds the world record — 15 minutes, 20.48 seconds — and swam the second-fastest time in history earlier this year — 15:24.51. She's the most decorated female swimmer in history — 14 medals in the Olympics and 27 in the worlds and counting. Of those 41, 30 are gold. But there's more than Ledecky. Luke Hobson has the top qualifying time in the 200 freestyle. He was the bronze medalist a year ago in Paris. The field is bunched including Paris Olympic champion David Popovici of Romania. Pan Zhanle of China, who set a world record a year ago in Paris in the 100, missed qualifying for the 200. He was 22nd in qualifying, almost three seconds behind the top qualifiers. Another American, Regan Smith, faces off with Kaylee McKeown of Australia in one of swimming's best rivalries. Smith holds the world record (57.13). McKeown took gold in Paris, pushing Smith to silver. The fourth gold-medal shot is with Kate Douglass in the 100 breaststroke. The gold medalist in the 200 in Paris, Douglass goes for gold in the shorter distance. Lilly King, who holds the world record (1:04.13) failed to qualify. Anita Bottazzo of Italy and Tang Qianting of China are in the chase. The fifth final is fast and close in the men's 100 backstroke with Hubert Kós of Hungary — he trains at the University of Texas at Austin — the top qualifier. Summer McIntosh, the 18-year-old Canadian swimmer who is aiming for five individual gold medals in Singapore, won the 200-meter individual medley on Monday after winning the 400 freestyle title on Sunday. She's not competing for gold on Day 3.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store