November 17, 2017

Ineos boss buys Swiss football club Lausanne

14 November 2017, 03:40 | Casey Mitchell

Lausanne reported to Switzerland's top tier last season after a spell in the country's second division

FC Lausanne Sport and CSKA Moscow player

In recent years it has had a topsy-turvy existence, with a number of relegations and promotions, and now plays in the top-tier Swiss Super League.

The football purchase was announced at Ineos's offices in Rolle, Switzerland.

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

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Lausanne, coached by former Switzerland midfielder Fabio Celestini, are sixth in the 10-team Swiss Super League and last played in the Europa League in 2010 as a second-tier club.

The company already sponsors Team Vaud, a training structure for elite young footballers north of Lake Geneva.

INEOS is finalizing plans to establish two African Football Academies, one in Botswana and the other in Namibia.

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"We hope and expect that this new investment in the team will take Football Club Lausanne-Sport forward to further success, and we see no reason why this could not mean playing in Europe". Discussions are well underway with the Botswanan and Namibian Governments and FAs, all of whom are fully supportive of the project.

INEOS director David Thompson says he is targeting a return to European club competitions within four years. "It's just a great opportunity for us really".

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