Sailing . In 2018,
Ratcliffe and INEOS invested well over £100million in a bid, amongst other things, to claim the America’s Cup in 2021. INEOS Team UK, led by Ben Ainslie, lost an eliminator 7-1 and did not make the final.
Cycling . In the spring of 2019, Team Sky became Team INEOS after Ratcliffe sanctioned a deal said to be worth £40million a year. A Team Sky rider had won Le Tour in each of the four previous years and Egan Bernal duly made sure INEOS got off to a winning start. Since then, they have not won it.
Formula One. INEOS bought a third of the all-conquering Mercedes team ahead of the 2021 season, which saw them win an eighth consecutive constructors’ championship. In 2022, they did not even make the top two.
Football. INEOS own Nice - mid-table in France - and Lausanne-Sport, who were relegated from the top tier of Swiss football at the end of last season.
I don't think he is the white knight people think he is, but you can understand to a degree why some would want him over ME owners.