Qhubeka-NextHash at the Tour of Britain.

Qhubeka-NextHash has not yet applied for a WorldTour license for 2022

"We are actively engaged with potential partners, and our current partners, as we work to secure our future for 2022," says Douglas Ryder.

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Qhubeka-NextHash team principal Douglas Ryder said in a statement on Friday that the team had not submitted an application for a WorldTour license for next year. The team has thus missed an initial deadline to file its paperwork, but it would still be able to apply – as was the case last November – should management succeed in resolving the squad’s financial issues.

“We are actively engaged with potential partners, and our current partners, as we work to secure our future for 2022,” Ryder said in a statement.

Less than four months ago, the then-Qhubeka-Assos team announced that it had signed a deal with NextHash, a parent company that owns several entities using blockchain technology. NextHash immediately took over as a co-title sponsor. Assos, which had effectively saved the team at the end of 2020 with its sponsorship commitment, remained on as a kit sponsor.

CyclingTips reported on various financial irregularities behind NextHash in June. In August, news emerged that riders and staff were experiencing delays in the payment of their salaries; Assos told Cyclingnews at the time that it had “fulfilled” its “commitments to the program and much more.” Then, at the end of September, Cyclingnews reported that riders had been told they could seek spots on other teams for the coming season.

As of Friday’s statement, it seems that the team has yet to resolve its financial uncertainty.

Ryder, however, was optimistic about the team’s future, saying, “We remain confident that our story is not complete, our journey will carry on, to continue to change lives through bicycles.”

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