Tottenham are likely to agree a deal following their ongoing controversy with INEOS.
The petrochemicals company, which is spearheaded by Manchester United co-owner Sir Jim Ratcliffe, first partnered with Spurs in 2020 after agreeing to become their official hand sanitiser and 4×4 vehicle partners.
The deal was later expanded in 2022, with the INEOS brand displayed in the dugout of the Tottenham Hotspur Stadium.
INEOS held talks to end the Tottenham sponsorship in February as Ratcliffe continues to pursue cost-cutting measures across his empire.
The Mail reported on 16 March the two parties had reached a pay-off agreement to end the deal early, with Spurs set to be paid millions.
However, court records show Tottenham filed a commercial claim on 12 June after INEOS exited the sponsorship deal three years into a five-year agreement, but no documents are currently available.
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Finance expert Stefan Borson exclusively told Football Insider the parties will likely reach a settlement agreement in the low single millions.
In a statement on 13 June, INEOS said: “INEOS Automotive has been a partner of Tottenham Hotspur since 2022, expanding on a partnership agreement that INEOS Group had in place with the club since 2020.
“We have a contractual right to terminate our partnership contract and in December 2024 exercised that right.”
INEOS to pay Tottenham millions
Borson insisted the ongoing legal action isn’t a “big deal”, but he admitted it’s “fun to watch” the dispute from the outside.
He told Football Insider: “Disputes in business are very common and not that big of a deal really.
“It makes good football drama, but I suspect the money involved is pretty small and no documents have been filed, so the claim has been filed, but no particulars of claim are out there because I’ve checked.
“I think it’ll be settled, and we’ll never know very much about it.
“It will be low single millions involved, and it’ll be just a dispute about what the termination clause was on the contracts, where it’s probably something like whether they’ve got to pay for six more months or something.
“It won’t be a very big deal, but it’s fun for us to watch the dispute from the outside.
“But I’m sure it’ll be settled.”
Tottenham could hijack Man United’s Bryan Mbeumo deal
In terms of on-field matters, Football Insider revealed on 13 June Tottenham could hijack Man United’s move to sign Bryan Mbeumo following Thomas Frank’s appointment as manager.
Frank’s arrival has added to the belief that Spurs could secure the Brentford star’s signature despite him previously preferring a move to Old Trafford.
Tottenham could be boosted by their Champions League qualification, while United have no European football to offer the Cameroon international for next season.