Sir Jim Ratcliffe's Ineos buys French team OGC Nice

27 August 2019

Ratcliffe
Photo: Getty Images Ineos, spearheaded by billionaire Sir Jim Ratcliffe, has acquired OGC Nice in the French Ligue 1.

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.

Jesper Elkjær Jensen jej@offthepitch.com

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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