Ineos blames ‘deindustrialisation of Europe’ for ending All Blacks deal
- New Zealand Rugby launches legal action against Ineos
- Sir Jim Ratcliffe’s company looking to cut costs
Ineos, the chemicals company founded and run by the British billionaire and Manchester United part-owner, Sir Jim Ratcliffe, has blamed high energy costs and “the deindustrialisation of Europe” for its alleged breach of a sponsorship agreement with New Zealand Rugby.
The All Blacks have launched legal proceedings against Ineos, accusing the company of failing to pay the first sponsorship instalment for 2025, which has three years remaining.
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