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• Six-time Tour de France winners poised to confirm deal
• New team will be named Ineos after Ratcliffe’s company

Team Sky is poised to announce a takeover by Britain’s richest man in a deal that will maintain the six- times Tour de France winners’ position as the wealthiest team in world cycling.

Sources close to Team Sky have told the Guardian that an announcement is imminent and Team Ineos, sponsored by the controversial petrochemical company, owned by Sir Jim Ratcliffe, is expected to be unveiled within the next 48 hours.

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from The Guardian https://ift.tt/2Y7Dqsr