Revealed: 'How much' Tottenham are suing Man United chief Jim Ratcliffe's Ineos for after multi-million partnership with Ineos ended early
The north London side have lodged a claim against Ineos Automotive, a subsidiary of Ratcliffe's company, after they withdrew early from a sponsorship agreement.
In 2022 - and ahead of Ineos's involvement with United which has seen them take a 27.7 per cent stake in the club and control of football operations - they signed a multi-million pound, five-year deal which saw the Ineos Grenadier become Spurs's 'official 4x4 vehicle provider'.
Ineos branding was commonplace throughout the deal at the Tottenham Stadium on both dugouts and advertisement boards.
However, Mail Sport revealed in March that the deal was due to end early following what were described as 'amicable discussions' which would see Ineos pay Spurs a penalty thought to be worth several millions.
Now, according to The Telegraph, nearly two weeks after the lawsuit was field at the High Court, it has been revealed how much Daniel Levy's club are looking for.
Tottenham are thought to be looking for £11.1million in the lawsuit, in which they accuse accuse Ineos of breaching a five-year, minimum £17.5 million deal that was signed in 2022.
They claim a sum of more than £5m was due to be paid on December 1 last year, but the annual instalment was not.
It is also claimed that an inflation-figure of nearly £500,000 on August 16 was also not paid.
Spurs are also thought to be claiming a minimum of £5,275,974 in damaged after the deal was cut short with more than two years left on it. They also say they are claiming interest and 'further or other relief as the court thinks fit'.
The north London club say they terminated the contract on March 11.
An Ineos spokesperson said: 'Ineos Automotive was a partner of Tottenham Hotspur from 2022, expanding on a partnership agreement that Ineos Group had in place with the club since 2020.
'We had a contractual right to terminate our partnership contract and in December 2024 exercised that right.'
When news of legal action first emerged, an Ineos spokesperson said: 'Like any business, we have to be diligent in how we operate and where we invest marketing budgets. It's completely normal for partnerships to be reviewed on a regular basis, and we've decided that the partnership wasn't working out for us. We have the right to terminate the partnership.'
Ineos became the 4 x 4 partner of Spurs via their Grenadier vehicle back in December 2022
Amid a wide-ranging cost-cutting review at Old Trafford, Ineos have been reducing their sports portfolio, ending a relationship with Sir Ben Ainslie's sailing team and a sponsorship deal with the All Blacks.
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