How Tottenham could help ease Man Utd's financial problems as INEOS continue expansive cost-cutting operation - explained

INEOS are currently in turmoil following New Zealand Rugby's accusation that the petrochemicals company failed to pay the latest instalment of its £3.7 million-a-year sponsorship deal with the All Blacks. However, some respite may be in sight for Ratcliffe's global firm as discussions have reportedly taken place for their sponsorship deal with Spurs to come to an end early.

The chemicals company signed a five-year-deal with Spurs in 2022, designed to promote its 4x4 Grenadier car. Since then, numerous players have been featured in promotional content for this partnership, including Ben Davies, Dominic Solanke and Timo Werner. However, as INEOS aims to cut back on its sports investments across the world, "amicable talks" have reputedly taken place to cut short the Tottenham contract, according to The Times.

United's minority owner Ratcliffe has been widely criticised for his ruthless cost-cutting at Old Trafford, which has seen the budget of the club's charity foundation slashed and legendary club ambassadors like Sir Alex Ferguson relieved of their duties. On top of that, rumours emerged earlier this week that hundreds of staff members could be made redundant in the latest wave of job cuts sparked by Ratcliffe and Co.

Neither Spurs nor INEOS have commented on the recent talks regarding their sponsorship deal, but freeing up this cash could be crucial when it comes to funding Ratcliffe's Old Trafford operations. He claims the club is in danger of going bust, but many people think his choice of cost-cutting measures is heartless, particularly considering the vast amounts of money he continues to pump into an overpaid, under-performing first-team squad.