The New Zealand rugby (NZR) have taken legal proceedings against INEOS after the co-owners of Manchester United missed the payment deadline.
Ineos, led Sir Jim Ratcliffe, agreed with a six-year sponsorship contract with NZR, but accused them of missing their first payment in 2025 and tried to withdraw from the agreement before the schedule.
“Finding out about Ineos’ decision to leave three years earlier, we moved to protect the interests of the New Zealand rugby and the wider game,” NZR said in a statement. “We have left without possibility than initiating a legal procedure to protect our commercial position.”
In the beginning, Ineos could not have addressed the comment on the charges, but later published a statement in which they blamed the missed payment on the need to reduce the costs to combat the “deindustry of Europe”.
“Ineos has greatly appreciated our sponsorship of the New Zealand rugby, having contributed more than $ 30 million to teams in recent years,” the statement said.
“However, trading conditions for our European companies have seriously influenced high energy costs and extreme carbon taxes, along with most of the chemical industry in Europe, which fights or excludes.
“As a result, we had to implement costs of cost savings throughout the business. We sought to reach a reasonable agreement with All Blacks to adjust our sponsorship in the light of these challenges.
“Unfortunately, instead of working on a managed solution, the New Zealand rugby has decided to conduct legal proceedings against his sponsor. We remain in a constant discussion with Rugbi in Novi Zealand.”
“Cost savings measures” talked about by ineos have attracted an abundance of criticism in a relationship United. About 250 staff not playing became superfluous, payments to club ambassadors were demolished, Also reduced the support of a charity organization for former players and ticket prices are raised.
A statement for the United fan group saw that United acknowledged that they were In the risk of breach of the PREMIER League gain rules and sustainability If not raised enough funds.
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