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Ineos’ Jim Ratcliffe reportedly offers $100m for OGC Nice

Sir Jim Ratcliffe, Britain’s richest man and the billionaire owner of chemicals company Ineos, has reportedly tabled an offer of over $100m to purchase French Ligue 1 football side OGC Nice.

Nice is currently owned by a Chinese-led consortium, controlled by investor Chien Lee, which took over the club in 2016. According to Inside World Football, Lee initially appeared to signal he had no interested in selling, but his stance may have softened as Ratcliffe’s interest has firmed up.

Ineos, which recently acquired the British cycling team formerly known as Team Sky, has issued a statement confirming its interested in Nice but added that only “exploratory discussions” had so far taken place.

Ratcliffe’s financial interest in sport has increased significantly in the recent past. As well as Team Ineos, Ratfcliffe has also invested over £110m ($143m) into the Ineos Team UK sailing team, which will compete at the 36th America’s Cup in 2021. He also owns a minority stake in Swiss football side FC Lausanne.