Sir Jim Ratcliffe's Ineos buys French team OGC Nice
27 August 2019
Ineos, a chemical producer, has completed a deal to acquire OGC Nice in the French Ligue 1.
The new owner wants to establish Nice as a regular competitor in European club competitions.
Ineos, one of the world's largest chemical producers, has completed the deal to acquire French Ligue 1 side OGC Nice.
The club will become part of Ineos Football, led by Ineos' chairman and founder, Sir Jim Ratcliffe, Britain’s richest man.
"We have looked at a lot of clubs in the manner we look at businesses in Ineos - for value and potential - and Nice fulfils that criteria," Ratcliffe said in a statement.
With some sensible, measured investment, we want to establish OGC Nice as a team that competes in European club competition on a regular basis.
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