INEOS boss Ratcliffe warns he will not tolerate cheating

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

LINTON, England (Reuters) - Owner of Team INEOS Jim Ratcliffe says he has no fears that the kind of controversies that have dogged Team Sky in recent years will make him regret his decision to invest in cycle racing, but warned he will not tolerate cheating.

Broadcaster Sky announced last year it was pulling out after investing around 150 million pounds ($196 million) over a decade to turn Dave Brailsford's outfit into serial winners of the Grand Tours.