Skip to content
Sports

Sir Jim Ratcliffe Put Lausanne-Sport Up for Sale Amid INEOS Multi-Sport Retreat

The British billionaire's firm has appointed a global consultancy to find a buyer for the Swiss club as Manchester United continues to struggle on the pitch.

By 2 min read

Sir Jim Ratcliffe's INEOS Group has officially put Swiss club FC Lausanne-Sport up for sale, marking a significant step back from its broader sports investments. The British billionaire's company has hired global consultancy firm Alvarez & Marsal to manage the sale of the Swiss Super League team, distributing a five-legged prospectus titled 'Project Striker' to prospective investors.

INEOS initially purchased Lausanne in November 2017 to strengthen its ties to the Swiss city, but the team later became a cornerstone of an expanding multi-sport portfolio that included French club OGC Nice and a substantial minority stake in Manchester United. The potential sale of Lausanne follows similar exploratory efforts regarding Nice and the termination of several high-profile sporting partnerships.

Lausanne currently sits at the bottom of the Swiss Super League table and faces annual financial losses approaching £5 million. Despite suffering two relegations under INEOS ownership and capturing European qualification just twice since the 2017-18 season, the club's sales prospectus promotes its inexpensive infrastructure and potential for continental competition.

The divestment initiative coincides with a turbulent period at Manchester United, where Ratcliffe oversees football operations after acquiring an initial 27.7 percent stake in 2023. United recently suffered a damaging 3-0 home defeat to Bournemouth, leaving the club 16th in the Premier League standings after eight matches and intensifying pressure on manager Michael Carrick.

United's disappointing performances have ignited fan protests against both INEOS and the majority-owner Glazer family. Discontent has also been fueled by extensive workforce reductions, ticket pricing controversies, and a controversial proposal for a new stadium expected to cost more than £2 billion.

Beyond sporting difficulties, tensions have reportedly developed between the club's co-owners. According to reports from ESPN, the Glazer family was displeased with Ratcliffe's execution of nearly 500 job cuts at Old Trafford, viewing the aggressive restructuring as conflicting with their personal values, even as the Glazers retain approximately 72 percent ownership and overall control of any future sale.

The sale of Lausanne-Sport would also dismantle a key loan pipeline utilized by Manchester United to develop academy talents such as Sekou Kone and Tyler Fredricson. While the partnership yielded mixed developmental results, selling the Swiss club helps alleviate multi-club governance challenges while signaling a distinct strategic retreat for INEOS as its wider corporate debt reaches approximately £18 billion.

Sources

Related stories