The Digester

Sir Jim Ratcliffe's Ineos says it is taking legal action to secure the return of Britannia, the boat it says it paid £180m for, after a falling out with Sir Ben Ainslie's Athena Racing, which now operates as GB1 and disputes Ineos ownership.

Ineos says it has initiated legal steps to recover the America's Cup boat Britannia.
Ineos states it paid £180m for Britannia and that the vessel belongs to the company.
Athena Racing, rebranded as GB1 after private equity backing from Oakley Capital, says the boat has always been in its possession and will be used for AC38.
Ineos and Sir Ben Ainslie split at the start of last year after protracted settlement negotiations, and Ineos abandoned plans to challenge the 2027 America's Cup in April 2025.
Ineos alleges Athena caused a six month delay to settlement talks, while GB1 thanks Ineos for past support and disputes Ineos ownership claims.

Ineos seeks return of Britannia after split with Ben Ainslie's team

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