Ineos sports deals withdrawal is no cause for Reds' concern

SIR Jim Ratcliffe's Ineos have parted company with Britannia America's Cup sailing team, but that is nothing for Manchester United to be concerned about, claims ex-Manchester City financial advisor Stefan Borson.

- By BRUNA REIS

Ratcliffe has been ruthless in cost-cutting measures at United since investing £1.25billion for a 27.7 per cent stake last February. MEN Sport understands that United are set to let go a further 100 staff members after 250 people were moved on in autumn last year.

The club insist that these decisions are being made because costs on and off the pitch remain high and need to be cut down. Since taking over, Ratcliffe has also injected a further £241million to support the ongoing redevelopment of Carrington.

However, his full focus and commitment to the Reds, has left four-time Olympic champion Ben Ainslie 'astounded' at the decision to end a sevenyear partnership at the Britannia America's Cup sailing team.