Prior to being bought by INEOS, Nice were 7th place. They are 7th place at the moment. That means that there are 6 other clubs ahead of it in the pecking order only one of whom is oil rich. But let's have analyse INEOS statements at Nice and Lausanne
Sir Jim Ratcliffe, Chairman of INEOS said: ‘We are absolutely delighted about acquiring OGC Nice. It has been quite a long journey getting here, but it is unique, and we were determined to complete the purchase of the club. We have looked at a lot of clubs in the manner we look at businesses in INEOS - for value and potential - and Nice fulfils that criteria. With some sensible, measured investment, we want to establish OGC Nice as a team that competes in European club competition on a regular basis. And importantly, sustain it.”
European club competition on a regular basis has not been achieved.
David Thompson, CEO INEOS Football SA, says, “INEOS is excited about taking this major step into top-class football as part of our wider commitment to encourage youth sport in Lausanne and Canton Vaud. 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.”
Lausanne has been relegated....twice.
So yeah both projects had failed to reach the expectations set.