Sir Jim Ratcliffe owns petrochemicals company Ineos.
Great Britain's richest man Sir Jim Ratcliffe is set to become the new owner of champion cycling outfit Team Sky, according to a number of reports.
Ineos is Britain's largest privately owned company and in 2018 posted annual pre-tax profits of $2.64 bn. Team Sky has had unprecedented levels of success since its formation in 2010, winning the Tour de France through Sir Bradley Wiggins just two years later. Since then it has had a rider go on to take the title five more times, with Chris Froome claiming four of those Yellow Jersey wins.
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