Team Ineos owner Jim Ratcliffe completes £88m purchase of French football team OGC Nice

Team Ineos owner Jim Ratcliffe completes £88m purchase of French football team OGC Nice

Joe Robinson 27 Aug 2019 French football team becomes latest part of Ineos sporting empire alongside British WorldTour cycling team Billionaire owner of Team Ineos, Sir Jim Ratcliffe, has secured the purchase of Ligue 1 football team OGC Nice. Britain's third richest man completed the buy-out for a reported fee of €100 million (£88.77m) earlier this year to bring the southern French footballing team into Ratcliffe's wider sporting empire. OGC Nice now join Team Ineos, second-division Swiss football team Lausanne and Britain's America's Cup sailing team as the latest part of the Mancunian's growing sporting portfolio. In a statement to announce the purchase, Ratcliffe claimed OGC Nice ticked the boxes of a solid business acquisition. 'It has been quite a long journey getting here. We have looked at a lot of clubs in the manner we look at businesses in Ineos - for value and potential - and Nice fulfils ...

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