Ineos Grenadiers are trying to find a second sponsor with a purpose to compete with the “tremendous groups” of biking, it was revealed on Friday.
Throughout a press convention, the British WorldTour group’s CEO John Allert confirmed that they might proceed past 2025, and that they are making an attempt to “deliver different folks” on their “journey” with a purpose to develop their finances.
“I can verify that the group will exist into the following (2026-2028 WorldTour) cycle,” Allert mentioned, in line with Cyclingnews.
“We’re very fortunate to have house owners which are very captivated with this sport, which are personally concerned within the sport they usually get on a motorbike. They’ve had quite a few alternatives in the event that they did not wish to be within the sport, to make that clear however they do wish to be within the sport.”
“It is truthful to say that Ineos do not wish to spend extra money,” he continued, suggesting {that a} secondary sponsor was being looked for.
“So it relies upon fully on what occurs with this industrial exercise,” Allert mentioned. “They very clearly do need us to be an excellent group they usually know what it takes to be an excellent group. I am not going to place a quantity on that, nevertheless it’s a quantity that is higher than what we’re presently spending.
“You do not should be that clued-up to understand there is a cause why we’re making an attempt to deliver different folks on that journey with us. There’s worth to be created for different manufacturers and we do not essentially really feel we now have to, must, or wish to, go it alone.
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“I’ve heard some bonkers rumours within the final couple of weeks about folks shopping for us or investing in us or no matter else.
“We definitely have a industrial technique that’s an evolution of our technique. We have appointed an company and we’re taking a look at industrial partnership alternatives, like most different groups are.
“It is a very crowded market. We’ve not signed anyone. I am not conscious of us imminently signing anyone.”
Ineos Grenadiers had a tough 2024, profitable simply 14 races, and going by way of one other administration reshuffle on the finish of the yr. Additionally they misplaced star rider Tom Pidcock to Q36.5.
“We have to come again and win bike races, begin to win phases. Each race counts,” Kurt Asle Arvesen, the group’s new lead sports activities director, mentioned.
“It’d take one, two, three or 4 years earlier than we’re again, profitable a Grand Tour, however I am satisfied we will be.
“There are solely three Grand Excursions, there’s solely solely three winners, so it’s extremely tough.”