Sir Jim Ratcliffe, the billionaire behind INEOS, may be reconsidering his financial support for Sir Ben Ainslie’s quest to claim the America’s Cup. Reports indicate rising tensions between the two men, casting doubt on the future of their partnership.
INEOS Britannia, led by Ainslie, has been a formidable force in recent America’s Cup campaigns. Their collaboration with Mercedes Formula One and Ratcliffe’s substantial investment, rumored to exceed £200 million, helped secure a spot in the 2024 final series. However, the British team fell to Emirates Team New Zealand, marking the end of their latest attempt.
Despite Ratcliffe’s earlier statements of commitment, sources suggest his focus has shifted toward his Manchester United investment and other ventures. The strain on finances and the search for additional sponsorship have raised concerns about INEOS Britannia’s sustainability.
Ainslie, Britain’s most decorated sailor, remains determined to compete in the next America’s Cup, regardless of Ratcliffe’s involvement. “We’re ready to go again,” Ainslie has affirmed.
The loss of Ratcliffe’s backing could challenge the team’s future, but Ainslie’s resilience and expertise ensure that INEOS Britannia’s story in the America’s Cup is far from over.