Shale and chemicals player Ineos has added to its sporting stable with the purchase of top French footballing club OGC Nice.
The private company, which already owns a Swiss football club and now sponsors perennial Tour de France-winning cycling outfit Team Ineos, has taken over the club from the south of France for an undisclosed sum.
“We have looked at a lot of clubs in the manner we look at businesses in Ineos - for value and potential - and Nice fulfils that criteria,” said Ineos chairman Jim Ratcliffe.
