Overview
- Telegraph-based reports say Ineos agreed to pay more than £11m, with the final sum undisclosed and said by a source to be about half of what Tottenham sought.
- Tottenham alleged a breach of a five-year sponsorship signed in 2022 that let the club promote the Grenadier as its official 4x4 partner under a minimum £17.5m framework.
- Spurs ended the partnership in March and filed suit three months later, claiming a December 1 instalment of over £5m and an earlier inflation-linked payment of around £500,000 were not paid.
- Ineos counter-sued for more than £1m, citing Spurs’ talks with Audi linked to Harry Kane’s Bayern Munich move, and said it exercised a contractual right to terminate in December 2024.
- Tottenham’s claim detailed annual payments rising from £2.125m to £4.6m plus VAT and indexation, while Ineos’ broader pullback from sports sponsorships has been attributed to cost pressures.