Team Sky set for takeover by Britain’s richest man, Sir Jim Ratcliffe

18 March 2019 04:19
• Six-time Tour de France winners poised to confirm deal• New team will be named Ineos after Ratcliffe’s companyTeam Sky is poised to announce a takeover by Britain’s richest man in a deal that will maintain the six-time Tour de France winners’ position as the wealthiest team in world cycling.Sources close to Team Sky have told The Guardian that an announcement is “imminent” and Team Ineos, sponsored by the controversial petrochemical company owned by Sir Jim Ratcliffe, is expected to be unveiled within the next 48 hours. Related: Quick-Step team offer a different perspective on the soul of cycling | Richard Williams Continue readingread full article

Source: TheGuardian