Tottenham have returned fire in the direction of INEOS as the ongoing court battle between the two parties continues.
The petrochemicals giants had signed an agreement with the Lilywhites to see their Grenadier vehicle become the club’s official 4 x 4 vehicle partner.
Tottenham were then left frustrated when INEOS, owned by Sir Jim Ratcliffe, began to cut ties with several sponsorship agreements in the aftermath of their chief’s takeover at Manchester United.
The saga has continued to rumble on in the aftermath of Daniel Levy’s departure, and the North Londoners are now beginning to fight back on the legal front.
Tottenham deny Audi agreement as INEOS feud continues
It had looked as though the feud between Tottenham and INEOS would be settled out of court at one stage.
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However, that now looks like a distant possibility, as the two parties continue to go back and forth in debate regarding their failed sponsorship deal.
Spurs began the saga by claiming that Ratcliffe and Co. had breached the terms of their five-year agreement, and were demanding £11million in compensation as a result.
INEOS responded by counter-suing the N17 outfit for a fee of £1m, as they pointed to an agreement that had been reached with Audi, one of their key competitors.
Tottenham have now responded, and are claiming that they never reached an agreement with the German manufacturer, which would in turn mean that INEOS had no right to cut ties, according to the Inside Sport section of the Daily Mail.
Mike Keegan writes that “in the latest tranche of papers filed by the high court,” Tottenham have rejected the counter-sue from INEOS.
The Lilywhites are maintaining that they are owed a figure of £4.25m from INEOS, even if their termination of the deal is deemed to be valid, as a result of a payment that was due five days before their agreement broke down.
Tottenham won’t want to compromise with INEOS
Tottenham won’t want to compromise with INEOS, given the obvious connections between them and Manchester United.
In theory, the sums which are at play at the moment are relatively small figures for two hugely successful global companies, but out of principle, Spurs cannot really afford to back down and accept a settlement that is anything less than what they feel they deserve.
They won’t want to be seen to effectively be backing down to Ratcliffe, given their position alongside United as one of the Premier League’s biggest clubs.