Tottenham Hotspur to be paid millions by Sir Jim Ratcliffe

Tottenham Hotspur to be paid millions by Sir Jim Ratcliffe

Tottenham Hotspur have been competing with Manchester United for most underwhelming team for the 2024/25 season.

At the beginning of the campaign, both sides would have been looking at a tilt for UEFA Champions League places.

Instead, they’ve ended up closer to the relegation zone than the top four.

It’s now a race to see who will finish further down the table out of the two sides.

For both clubs, the UEFA Europa League is the only way to turn an abysmal season around.

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Both Spurs and United have made it to the quarter finals of the competition.

In an interesting twist of fate, they could meet each other in the final as they’ve been drawn together on the other side of the draw from each other.

Ange Postecoglou’s men will be hoping to get one over on their opponents if they do meet at that stage.

One arena that they have met this season is now resulting in Tottenham Hotspur being paid millions by Manchester United part owners INEOS.

For those unaware, INEOS have a sponsorship deal with Tottenham as their official 4 x 4 partner via their Grenadier vehicle.

INEOS sponsorship material and branding can be found across the Tottenham Hotspur Stadium as a result.

But it seems that this is no longer the case.

The Daily Mail report that INEOS have made an early exit from their sponsorship deal with Tottenham after a pay-off agreement was reached between the parties.

Worth several millions of pounds a season, the newspaper report that Sir Jim Ratcliffe’s INEOS have paid a significant sum to leave the agreement early.

Initially signed in 2022 as a five year deal, this development allows Spurs to look for a new partner will still getting some payment from the United owners.

It was reported last month that INEOS were looking to end their deal with Tottenham and it’s believed they’re also looking to cut short a deal they also have with the New Zealand rugby team.

The funds saved are meant to be reallocated towards their newest and biggest venture – Manchester United Football Club.

That wish seems to have been made now, with INEOS branding no longer seen at the recent UEFA Europa League game with AZ Alkmaar.

United fans will be hoping some of that saved cash can help fill the coffers at Old Trafford.

With a new stadium on the way, every penny put into the club is going to count.

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Source: Centred Devils