Sky and 21st Century Fox have agreed the sale of Team Sky to chemicals giant Ineos, Team Sky announced on Tuesday. From anti-plastic campaigning to being sponsored by one of the largest plastics producers in less than a year.
Ineos, owned by Britain’s richest man, Jim Ratcliffe, will become the sole owners from May 1 and will continue to fund the current team in full, honouring all existing commitments to riders, staff and partners, the statement said.
The launch of Team Ineos will take place at the Tour de Yorkshire, which starts on May 2.
Team Sky riders have won six of the last seven Tour de Frances, the king is dead, long live the king. INEOS train just doesn’t have the same ring to it.