sport news Britain's richest man in talks with Team Sky about potential takeover

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Team Sky have been in talks with Britain’s richest man about the possibility of taking over the all-conquering cycling outfit.

Sir Jim Ratcliffe, the chairman and chief executive of the Ineos chemicals group with a net worth of £21billion, is said to be among a number of interested parties to have met team principal Sir Dave Brailsford, with insiders insisting yesterday that any deal to succeed Sky as owners and sponsors has not been agreed.

But the team’s sport director Matteo Tosatto told Spanish newspaper Marca that a new sponsorship deal would be in place before the start of the Giro d’Italia on May 11 and that the new backer was ‘European, from home’.