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Chemicals giant Ineos set to buy Swiss football team

From BBC - November 13, 2017

First it was biker wear, now Jim Ratcliffe - the billionaire owner of multinational petrochemicals giant Ineos - is set to add a football team to his collection of esoteric buys.

According to reports in Switzerland, the sale of FC Lausanne-Sport to Ineos will be officially announced later.

It has won the league seven times, the last in 1965, and the cup nine times.

Ineos snapped up motorcycle wear firm Belstaff last month after it was put up for sale by JAB Holdings.

Historic club

The football purchase is set to be announced later on Monday at Ineos's offices in Rolle, Switzerland.

Club president Alain Joseph has been seeking a buyer for several months.

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