FILE PHOTO: Jim Ratcliffe, CEO of British petrochemicals company INEOS, poses for a portrait with the Canary Wharf financial district seen behind, ahead of a news conference announcing the launch of a British America's Cup sailing team in London, Britain, April 26, 2018. REUTERS/Toby Melville/File Photo
LONDON (Reuters) - Chemicals giant Ineos, owned by Britain's richest man Jim Ratcliffe, is set to become the new sponsor of cycling's Tour de France-winning Team Sky, according to media reports on Monday.
Broadcaster Sky announced last December that it would end its involvement in the British-based team and professional cycling after the 2019 season.
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