Sir Jim Ratcliffe has abandoned plans to challenge for the next America’s Cup, accusing Ben Ainslie of dragging his heels over settlement negotiations that would have allowed both their teams to compete.

Ineos withdraws from America’s Cup challenge after split with Ben Ainslie - Sir Jim Ratcliffe’s team split with Ainslie in January and have ‘reluctantly’ withdrawn after failing to reach agreement wit

INEOS Sport announces that it's America's Cup plans have been terminated, exiting after two unsuccessful campaigns.