Next month will mark the anniversary of Ratcliffe's involvement in Manchester United but there have been very few positive spin-offs from the billionaire's investment

As Ben Ainslie acknowledged in an interview last October, Sir Jim Ratcliffe has “got plenty going on right now”. And as the pair edge closer to a shock split for reasons which are as yet undisclosed,

Ineos boss Ratcliffe: "We are witnessing the extinction of one of our major industries as chemical manufacturers have the life squeezed out."

Ineos Britannia part ways with four-time Olympic champion Sir Ben Ainslie in shock split ahead of 38th Americas Cup; Ainslies crew ended Britains 60-year absence from worlds most prestigious sailing c

According to the statement INEOS Britannia’s chief operating officer Dave Endean has been appointed CEO of the team which will ‘continue to leverage the design and technology expertise of the Mercedes F1 Team under the guidance of Technical Director, James Allison’.

INEOS Britannia has announced it is parting ways with CEO and skipper Ben Ainslie for the 38th edition of the premier yachting race.

Britain's America's Cup skipper Ben Ainslie said he was astounded at being dropped by INEOS Britannia after failing to win the trophy last year. Four-time Olympic champion Ainslie's crew was backed to the tune of 100 million pounds ($124 million) by INEOS chief Jim Ratcliffe as he attempted to win the "Auld Mug" for Britain in Barcelona in October.