Britain’s richest man Jim Ratcliffe close to buying French club Nice | Anthony S Casey Singapore

Ratcliffe, whose company has taken over ownership of the cycling team led by Dave Brailsford and Chris Froome, is close to buying a second football club
Ratcliffe, whose company has taken over ownership of the cycling team led by Dave Brailsford and Chris Froome, is close to buying a second football clubMARTIN RICKETT/PA

Jim Ratcliffe’s purchase of OGC Nice football club for about €100m is close to completion as Britain’s richest man continues to expand his sporting empire. The founder of the Ineos petrochemicals giant has been in talks for some months about taking over the Ligue 1 side.

Ratcliffe has had to be patient in dealing with the Chinese-American ownership but a deal has been agreed. The billionaire is understood to be happy to back Patrick Vieira, the manager, who led the team to seventh in his first season at the club.

The Ineos hierarchy hope that they can experience European competition at Nice, especially in a league where Paris Saint-Germain have a clear wealth advantage but there is not the same “big six” as the Premier…