Jim Ratcliffe’s Ineos ‘taking legal steps’ against Ainslie over America’s Cup boat

• Ben Ainslie and Ineos ended partnership last year

• Statement says boat used in 2024 ‘belongs to Ineos’

Sir Jim Ratcliffe’s Ineos Group is taking legal action against Sir Ben Ainslie over the boat built for the 2024 America’s Cup.

Ratcliffe and Ainslie worked closely together across two cycles of the famous sailing competition, culminating in a historic but ultimately unsuccessful challenge for the title 18 months ago.