Support road.cc

Like this site? Help us to make it better.

news

Team Sky's budget could grow under new sponsor

Ineos may do more than just match Sky’s £34m a year

When the broadcaster Sky announced that it would be ceasing to sponsor Team Sky at the end of this season, it was widely assumed that one of the great challenges for Sir Dave Brailsford would be finding a replacement willing to stump up a similar sum of money each year. However, with the rumoured Ineos deal looking ever more certain, it now seems that the richest team in cycling may actually benefit from an even larger budget next season.

Team Sky’s current budget is around £34m a year, but The Telegraph reports that this could actually rise should Sir Jim Ratcliffe back the team through his Ineos chemicals firm.

Britain’s richest man is reportedly investing £110m in Ineos Team UK, Sir Ben Ainslie’s bid to win sailing’s America's Cup in 2021, and he also explored the possibility of buying Chelsea Football Club off Roman Abramovich last year, only the Russian did not want to sell.

Speaking about the sailing investment, Ratcliffe said: “We weren't very interested in tipping in £10m or £20m and helping it along and being part of a committee.

“I had two pre-conditions. One was that we were sole funder. So Ben and the team didn't get distracted and pulled in lots of different directions. And secondly that it would be fully funded. Because I just had this very clear view that, similar to F1, if you're not fully funded then you're never going to be on the front row of the grid.”

Speaking shortly before abandoning Tirreno-Adriatico with stomach problems, Geraint Thomas told Cycling News: "I heard there was a lot of interest, but it's like when we're trying to sign a contract – there's always interest but it's whoever puts the bloody contract in front of you, isn't it?"

He said that Brailsford had been in a positive mood at the race.

"He didn't go into specifics for obvious reasons I guess. The more people you tell everything to, the more chance there is of it getting out. As far as we're concerned, we're confident we'll carry on."

Alex has written for more cricket publications than the rest of the road.cc team combined. Despite the apparent evidence of this picture, he doesn't especially like cake.

Add new comment

10 comments

Avatar
RobD | 5 years ago
2 likes

While I'm pleased it looks like they've secured a future, and will likely be able to carry on in a similar way to how they do now, I'd prefer to see the potential budget increase used to fund a women's team with access to similar resources. Having a couple of really well funded womens team would likely increase pressure on creating more high profile races, getting more coverage, all of which raises cycling's profile over all and may well lead to increased revenues generally as more sources of income are found, which would benefit the smaller teams as much as the biggest.

Avatar
alansmurphy replied to RobD | 5 years ago
0 likes

RobD wrote:

While I'm pleased it looks like they've secured a future, and will likely be able to carry on in a similar way to how they do now, I'd prefer to see the potential budget increase used to fund a women's team with access to similar resources. Having a couple of really well funded womens team would likely increase pressure on creating more high profile races, getting more coverage, all of which raises cycling's profile over all and may well lead to increased revenues generally as more sources of income are found, which would benefit the smaller teams as much as the biggest.

 

What?

 

Women's sport is thriving, England have just won the #shebelieves cup!

 

The trouble with equality is that it ain't very equal. 'Your' one day race, tour or whatever doesn't get the sponsor backing, crowds or interest to the same level so why should prize money be equal? You get to the point now where they get 'equal' prize money for shorter races (by distance or duration). Most cycling events have evolved over decades of hard work, it is insulting to want instant parity.

Avatar
Gecko-cyclist | 5 years ago
2 likes

At this time of year, Sky are miles away from being dominant, regardless of how much money they have. They focus on grand tours which grab the attention of the mass public and good luck to them. Their record in 1 day races and classics isn't much to write home about though?

Deceuninck quickstep are even more dominant in that arena which I presume pleases their home fans and as they are a member of the old guard they seem to cop very little flak on here for effectively doing exactly what sky do with a different type of rider.

Surely the definition of top riders or success very much depends on what your objectives are and what you like watching. Personally I don't think any one team can dominate every type of event, no matter what the budget.

Avatar
peted76 replied to Gecko-cyclist | 5 years ago
0 likes

Gecko-cyclist wrote:

At this time of year, Sky are miles away from being dominant, regardless of how much money they have. They focus on grand tours which grab the attention of the mass public and good luck to them. Their record in 1 day races and classics isn't much to write home about though? Deceuninck quickstep are even more dominant in that arena which I presume pleases their home fans and as they are a member of the old guard they seem to cop very little flak on here for effectively doing exactly what sky do with a different type of rider. Surely the definition of top riders or success very much depends on what your objectives are and what you like watching. Personally I don't think any one team can dominate every type of event, no matter what the budget.

 

^^ This.

A sign of Sky's dominance is that the 'actual dominating' team of 2018 was Quickstep, who wiped the floor with everyone by a huge margin. 

 

It IS a sign of other teams commercial impotence that they've not secured better sponsorship deals. Total speculation on my part, but I'd bet my car that DaveB went into this year with a very programmatic and clinical plan to attract a deal. It's not rocket science, just process.

I would not, however, feel confident that QuickStep ended last season with a similar plan of action. It's incredulous to me, that they every couple of years Quickstep, who have so much history and loyalty with fans, such a loved team, end up with the equivalent sponsor to the 'Flemish Fish Flans of Flanders' each year. Desperately buying themselves another year of sponsorship. 

 

Avatar
handlebarcam | 5 years ago
4 likes

A man who wants to leave the EU because it imposes pesky health and safety and environmental regulations on his fracking and chemicals businesses, and a team which has pushed the anti-doping regulations to the limit, and possibly beyond? Seems like a perfect match.

Avatar
tonyw | 5 years ago
2 likes

I have to respectfully disagree with the previous posters.

 

When one team has the cash to buy up the best riders it comes at the expense of all the other teams who do not have the ability to match the funding. I would like to see some sort of funding cap to help level the playing field.

 

With this level of funding I expect the team to win everything and that just destroys my enthusiasm for watching racing as everyone else is likely to be racing for second place.

 

BTW I have nothing against the sponsors or the riders. I would just like to see the absolute top riders distributed across all teams rather than filling up a single team.

 

Avatar
Mybike replied to tonyw | 5 years ago
0 likes

The

When one team has the cash to buy up the best riders it comes at the expense of all the other teams who do not have the ability to match the funding. I would like to see some sort of funding cap to help level the playing field.

 

With this level of funding I expect the team to win everything and that just destroys my enthusiasm for watching racing as everyone else is likely to be racing for second place.

 

BTW I have nothing against the sponsors or the riders. I would just like to see the absolute top riders distributed across all teams rather than filling up a single team.

 

[/quote]
It the job of the other teams to find sponsors with deep pockets

Avatar
Mybike replied to tonyw | 5 years ago
0 likes

The

When one team has the cash to buy up the best riders it comes at the expense of all the other teams who do not have the ability to match the funding. I would like to see some sort of funding cap to help level the playing field.

 

With this level of funding I expect the team to win everything and that just destroys my enthusiasm for watching racing as everyone else is likely to be racing for second place.

 

BTW I have nothing against the sponsors or the riders. I would just like to see the absolute top riders distributed across all teams rather than filling up a single team.

 

[/quote]
It the job of the other teams to find sponsors with deep pockets

Avatar
spragger | 5 years ago
1 like

Well done Jim

Avatar
Chris Hayes | 5 years ago
1 like

Fantastic news!  Thanks to JR for keeping British cycling at the front of the peloton. 

Latest Comments