Team Sky/Ineos

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DRM

Guru
Location
West Yorks
What would be the point of that? His contract is with Sky Cycling (or whatever the corporate entity is that "owns" the team). Sky TV is a sponsor that is pulling out. Sky Cycling still has a contractual obligation to pay Froome according to his contract. Whether they can afford to pay it or not is another matter. But if they can, he'll race. If they can't, they're in breach and Froome could go elsewhere
Surely the wages are covered by the bond deposited with the UCI so they will get paid, it will be interesting to see how this pans out, it could definitely be the beginning of the end, I can’t think how they will get the financial backing of someone like Sky TV, sponsors are hard to come by at the best of times, let alone one with such a huge budget.
 

Ming the Merciless

There is no mercy
Location
Inside my skull
Or Pukka....Team Pie

Team Pie in the Sky
 

Siclo

Veteran
Surely the wages are covered by the bond deposited with the UCI so they will get paid

The bond is only 15% of the rider salary budget, it's lodged either at the point of licence application or at the start of the season when the licence has been issued for multiple years, so no there is no bond to cover 2020 salaries. In fact I don't think any licences have been issued beyond 2019 because the UCI want to reduce the number of teams, in the absence of a new sponsor riders will need WT points to be attractive to a new team, that could well impact Sky's tactics of the whole team riding for one rider.

The bond is only designed to ensure the riders get something if a team folds during a season, not to cover multi-year contracts. The 2020 bond will have to lodged by the new sponsor so they'll need to get a shift on.
 

Milzy

Guru
Chances are it will be a betting company or online casino
Might be Amazon they want everything.
 

Ian H

Ancient randonneur
Perhaps the UCI could consider putting a limit on sponsorship funding, to lessen the danger of cycling turning into something purely dominated by money, as seems pretty much the case with professional football.
 

DRM

Guru
Location
West Yorks
Just a thought, hopefully our wonderful news media can now congratulate themselves on destroying something good that has happened in UK sport, perhaps as a nation all we deserve is the plucky Brit who turns up & has a go, rather than a a force to be reckoned with, well done for bringing down another success story.
 
Just a thought, hopefully our wonderful news media can now congratulate themselves on destroying something good that has happened in UK sport, perhaps as a nation all we deserve is the plucky Brit who turns up & has a go, rather than a a force to be reckoned with, well done for bringing down another success story.

I'm not sure Sky didn't contribute a little bit to the mess themselves. With all that money behind them they should have been squeaky clean..........and had better record-keeping systems. Marginal gains and all that.

It is a shame, however, for the Sky and British teams.
 
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DRM

Guru
Location
West Yorks
I genuinely think that they aren’t the only ones who push the rules as far as possible, & yes I think the one big mistake was to say they would have nothing to do former dopers, or those who have arranged it, without being scrupulous in their background checks prior to employing that person, however the press took great delight in sticking the boot in over TUE’s & Jiffy bags etc, BBC included, every time cycling is mentioned they have to mention it, regardless of what the article is about, so Sky TV’s new owners don’t want anything to do with the team, they don’t need the negative press.
 

mjr

Comfy armchair to one person & a plank to the next
What would be the point of that? His contract is with Sky Cycling (or whatever the corporate entity is that "owns" the team). Sky TV is a sponsor that is pulling out. Sky Cycling still has a contractual obligation to pay Froome according to his contract. Whether they can afford to pay it or not is another matter. But if they can, he'll race. If they can't, they're in breach and Froome could go elsewhere
As it says in the inrng article, the cycling team is actually a subsidiary of Sky, similar to how EF actually bought Slipstream. They can pay the contracted money, else the reputation damage alone would be messy.
 
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