Tottenham are likely to reach a settlement agreement with INEOS in their ongoing sponsorship dispute, sources have told Football Insider.
The petrochemicals company, which is spearheaded by Manchester United co-owner Sir Jim Ratcliffe, first partnered with Spurs in 2020 after agreeing to become their official hand sanitiser and 4×4 vehicle partners.
The deal was later expanded in 2022, with the INEOS brand displayed in the dugout of the Tottenham Hotspur Stadium.
INEOS held talks to end the Tottenham sponsorship in February as Ratcliffe continues to pursue cost-cutting measures across his empire.
The Mail reported on 16 March the two parties had reached a pay-off agreement to end the deal early, with Spurs set to be paid millions.
However, court records show Tottenham filed a commercial claim on 12 June after INEOS exited the sponsorship deal three years into a five-year agreement, but no documents are currently available.
Sources have told Football Insider these kinds of disputes are common in business and the parties are likely to reach a settlement agreement.
Jim Ratcliffe slammed after Man United move
INEOS has provided a response to Tottenham’s claim following the sponsorship dispute.
In a statement on 13 June, it said: “INEOS Automotive has been a partner of Tottenham Hotspur since 2022, expanding on a partnership agreement that INEOS Group had in place with the club since 2020.
“We have a contractual right to terminate our partnership contract and in December 2024 exercised that right.”
In a separate dispute, it was announced in March INEOS had reached a settlement agreement with New Zealand Rugby (NZR) after a six-year sponsorship deal was ended early.
NZR launched legal proceedings against INEOS in February after alleging the company had failed to make a payment for the first part of this year.
Ratcliffe has also faced criticism from Man United fans following his cost-cutting measures at Old Trafford, which have included staff redundancies, charity cuts and ticket price hikes.
Tottenham could hijack Man United’s Bryan Mbeumo deal
In terms of on-field matters, Football Insider revealed on 13 June Tottenham could hijack United’s move to sign Bryan Mbeumo following Thomas Frank’s appointment as manager.
Frank’s arrival has added to the belief that Spurs could secure the Brentford star’s signature despite him previously preferring a move to Old Trafford.
Tottenham could be boosted by their Champions League qualification, while United have no European football to offer the Cameroon international for next season.
