Britain's richest man and ex-Beverley Grammar School pupil just bought Team Sky

By Hull Daily Mail | Posted: 20 Mar 2019

A firm owned by a former Beverley Grammar School boy is taking over the Team Sky cycling team.

Team Sky is being sold to INEOS, a chemical firm founded by Britain’s richest man Sir Jim Ratcliffe, an ex-pupil of Beverley Grammar School.

The launch of Team INEOS will take place at the Tour de Yorkshire, which starts on May 2 and will race through Beverley and the East Riding, as part of the Doncaster-Selby first stage.

Sir Jim Ratcliffe, chairman and chief executive of INEOS, said: “Cycling is a great endurance and tactical sport that is gaining ever more popularity around the world.

“Equally, cycling continues to mushroom for the general public as it is seen to be good for fitness and health, together with easing congestion and pollution in city environments.

Team Sky in action on the Beverley to Doncaster stage of the 2018 Tour de Yorkshire (Image: Alex Broadway/

“INEOS is delighted to take on the responsibility of running such a professional team.”

A spokesman for the Tour de Yorkshire, which will include two days of racing in the East Riding, said: “We look forward to having Chris Froome and his world class team mates riding the Tour de Yorkshire.”

Sir Dave Brailsford, Team Principal, said the announcement is great news for the team, cycling fans and for the sport.

Read more: Ineos comes to Tronox's aid with £550m US plant buy-out to pave way for Cristal deal

He said: “In Sir Jim Ratcliffe and INEOS, I know that we have found the right partner whose vision, passion and pioneering spirit can lead us to even greater success on and off the bike.

“It heralds the start of a hugely exciting new chapter for us all as Team INEOS.”

Much of stage one of the Tour de Yorkshire, on Thursday, May 2, will be in the East Riding, with the men's race heading through many communities for the first time.

Team Sky in action in the 2018 Tour de Yorkshire (Image: Alex Whitehead/

The 178.5km first stage, from Doncaster to Selby, will also include  Beverley , with riders passing through the town’s iconic North Bar.

The four-day race will then return to the East Riding on Saturday, May 4, with the start of both the women’s and men’s races taking place outside Bridlington Spa, before riders cycle 132km in and around North Yorkshire, finishing in Scarborough.

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