The chemicals group Ineos acquires French football club Nice

British billionaire Sir Jim Ratcliffe has bought a football club Nice. To be more specific the French Ligue 1 club has been purchased by the chemical company Ineos. The latter, in its turn, has been founded and run by an abovementioned Ratcliffe, the third richest man in Britain.

66-years-old Ratcliffe (estimated wealth of €19,9) had reportedly made a tempting offer for the club earlier this year. No official comments are at our disposal, but the clubs price tag is said to be about €100m. The growing portfolio of sports clubs and teams owned by Ineos includes cycling’s Team Sky, Swiss Lausanne Sports, etc.

What’s next?

After this acquisition, Nice will be part of the “Ineos Football” group, which can be considered as a great honor. It’s high time for sports enthusiasts and fans to make some bets on this team on

The investment is an indication that British billionaire has undoubtedly seen a clear business potential in Nice. The team was founded in 1904 and since has been pretty successful. The overall impression the last season’s performance was good. The matches of host OGC Nice usually fill up Stade de Nice also called Allianz Riviera stadium (36 000 sits).

The acquisition can be expected to be followed by some major changes. Ineos can afford to attract some new top-flight players to the Nice’s locker room for the team to compete with European rival on a regular basis.