Petrochemicals giant INEOS buys Swiss football team

Petrochemicals giant INEOS has added a football team to its array of noncore investments. The investment in FC Lausanne-Sport is part of the company’s support for youth and community sports. […]

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By Priyanka Shrestha

Petrochemicals giant INEOS has added a football team to its array of noncore investments.

The investment in FC Lausanne-Sport is part of the company’s support for youth and community sports.

The football team has won the league seven times and is currently sixth in the Swiss Super League.

The company, which operates a shale gas arm, already invests in youth football and is planning to open academies for the sport in Botswana and Namibia.