Menu

Must read: Breakaway cycling league forming

  • By VeloNews.com
  • Published Mar. 9, 2012
  • Updated Mar. 9, 2012 at 4:58 PM EST

In what is seen by the UCI as a rogue, breakaway effort by some of the top teams in cycling, including Radioshack-Nissan-Trek, sports marketing company Gifted Group, Ltd. has recently raised nearly $30 million in an effort to start a new racing series, outside of the UCI, called World Series Cycling.

Based on the business model of the NBA and NFL, teams would share in the equity (64 percent) of the series, in an effort to balance the power between teams and race organizers. As of the writing of the story, eight WorldTour teams have signed on for the event, which is scheduled to begin in 2014.

Read more

FILED UNDER: News / Road TAGS: /

Stay updated on all things VeloNews

Subscribe to the FREE VeloNews newsletter