Stefan Borson: Tottenham to agree INEOS deal as legal battle takes new twist

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Spurs took legal action against INEOS after the petrochemicals company exited a sponsorship deal with the club three years into a five-year agreement.

Tottenham are seeking just over £11million, which includes £5.5million for missed payments last year, another £5.3milllion for the 2026-27 campaign, the final year of the sponsorship deal, and an additional £300,000 in interest. 

Credit: Imago

This article contains exclusive comment from Stefan Borson, a former financial adviser to Man City.

“It’s quite interesting that basically what happened was Spurs were trying to sell Harry Kane and as part of that, Bayern obviously made an introduction to Audi and I think Audi got quite close to doing a deal but didn’t.

“As part of Audi potentially doing the deal, Tottenham offered INEOS some additional benefits and rights in the sponsorship, but only if Audi took the sponsorship.

“Anyway, time passes, Audi don’t take the sponsorship, but INEOS, given that they love a deal, went to Spurs and said, ‘Well, look, why don’t you give us the extra benefits anyway?

“But if you read the cases, I think that INEOS will succeed in saying that all of the rights that were potentially additional, including the termination right, were given to INEOS. 

“Anyway, a few months passes and INEOS take both the additional rights and also take the ability to terminate early and issue a termination.