- News
- Reviews
- Bikes
- Accessories
- Accessories - misc
- Computer mounts
- Bags
- Bar ends
- Bike bags & cases
- Bottle cages
- Bottles
- Cameras
- Car racks
- Child seats
- Computers
- Glasses
- GPS units
- Helmets
- Lights - front
- Lights - rear
- Lights - sets
- Locks
- Mirrors
- Mudguards
- Racks
- Pumps & CO2 inflators
- Puncture kits
- Reflectives
- Smart watches
- Stands and racks
- Trailers
- Clothing
- Components
- Bar tape & grips
- Bottom brackets
- Brake & gear cables
- Brake & STI levers
- Brake pads & spares
- Brakes
- Cassettes & freewheels
- Chains
- Chainsets & chainrings
- Derailleurs - front
- Derailleurs - rear
- Forks
- Gear levers & shifters
- Groupsets
- Handlebars & extensions
- Headsets
- Hubs
- Inner tubes
- Pedals
- Quick releases & skewers
- Saddles
- Seatposts
- Stems
- Wheels
- Tyres
- Health, fitness and nutrition
- Tools and workshop
- Miscellaneous
- Cross country mountain bikes
- Tubeless valves
- Buyers Guides
- Features
- Forum
- Recommends
- Podcast
news
Cannondale Drapac logo.JPGBreaking news: Cannondale-Drapac team saved by new backer?
Slipstream Sports, owner of the Cannondale-Drapac Pro Cycling Team, appears to have been saved going by a tweet from CEO Jonathan Vaughters and a report earlier today that it had secured a new sponsor.
At around 7pm UK time on Thursday evening, Vaughters tweeted: "I just had one of the happiest moments of my life!!! More news to come."
I just had one of the happiest moments of my life!!! More news to come.
— Jonathan Vaughters (@Vaughters) September 7, 2017
in late August, the team revealed that it had released riders and staff from their contracts after promised sponsorship fell through, leaving a $7 million funding shortfall.
The reaction of fans to that news prompted Slipstream Sports to launch a crowdfunding campaign through Indiegogo.
> Cannondale-Drapac owners to launch crowdfunding campaign to try and secure team's future
To date, that fundraising drive has raised more than $500,000 in the week or so it has been live, with donations up to $2 million being "matched by Fairly Group and other generous supporters."
Earlier today, Cyclist cited a source close to the team as saying that a sponsor had been secured to let the UCI WorldTour outfit continue to race in 2018.
The new backer was reported as being from outside the cycling industry.
For now, its identity - assuming the report is true - has not been disclosed, but judging by Vaughters' tweet, some good news from the team will be revealed very soon.
,
Latest Comments
- Bmblbzzz 31 min 4 sec ago
Worth noting that the abovementioned Fadumo has so far been a dynamo for the Green vote in East Bristol (and is generally of an activist and active...
- Keesvant 50 min 56 sec ago
Specialized tyres are an acronym for flat tyres. 2 guys in my group used them, punctured on every ride.
- FionaJJ 52 min 43 sec ago
Exactly, and while that might be bad for the bike manufacturing/selling industry, it doesn't automatically correlate to a problem for the cycling...
- Bmblbzzz 57 min 36 sec ago
The Road.cc journo has definitely passed his "find interesting things to say about a very boring product" test!
- Rendel Harris 1 hour 16 min ago
No idea whether the truth, the whole truth and nothing but the truth is being conveyed in this particular instance but I do recall standing...
- mdavidford 1 hour 58 min ago
What's relevant probably depends on the individual's use case....
- mdavidford 2 hours 15 min ago
'should' these days - only the MUSTs and MUST NOTs are shouted.
- Sriracha 2 hours 57 min ago
At last a light worthy of the hack reviewer's cliché, "pumps out the lumens."
- mctrials23 4 hours 52 sec ago
Thats not a defence (ironically). Everyone is paid to do their job. Some peoples job is to destroy the environment and ruin the future of billions...
Add new comment
3 comments
I think the problem is vaughters is losing Vanmarke(maybe) villella, jelte slaghter, Bettiol and Formolo. The only guys he has that can win are Uran and Nathan Brown. People dont want their name associated that didnt win a world tour race in 3 years. Vaughter cant manage a team is the real problem and its wrong to ask people for money to run his business.
I don't think its fair to ask for donations to fund what is for all other purposes a business. Everyone is salaried and its not as if they provide any sort of service to anyone to justify what they do as 'charitable' in any way
The man himself said that he wasn't that comfortable with the idea, but lots of people asked about it, so there we go. Half a million dollars isn't to be sniffed at.