Summary
Ineos, a company owned by Sir Jim Ratcliffe, is taking legal action to reclaim a boat used by Sir Ben Ainslie's team in past America's Cup races. The two had a partnership to win the race for Great Britain but have since parted ways. Ineos wants the boat back, claiming it belongs to them, while Ainslie's new team, Athena Racing, argues they own it.
Key Facts
- Ineos is owned by Sir Jim Ratcliffe, who supported Ben Ainslie's America's Cup team.
- Ainslie led Ineos' team in America's Cup races in 2021 and 2024.
- Ineos is suing to get the boat, Britannia, returned from Ainslie's new team.
- Ineos and Ainslie's partnership ended due to disagreements.
- Ineos invested heavily, £180 million, in the boat.
- Ainslie now leads Athena Racing, rebranded as GB1, with new funding.
- Ineos accused Ainslie's team of causing delays in negotiations.
- Both sides claim ownership of the boat in public statements.
