Jim Ratcliffe’s Ineos Sues Ben Ainslie Over $411M America’s Cup Boat Ownership

Sir Jim Ratcliffe’s Ineos group has initiated legal proceedings against Sir Ben Ainslie concerning the ownership of the $411 million boat built for the 2024 America’s Cup. This legal action comes after the end of their partnership, during which they collaborated on two America’s Cup campaigns, including a recent unsuccessful challenge. The outcome of this dispute will determine the future control and use of a key asset in elite sailing ahead of the 2024 competition.