Daily News Digest

by Mark Zalewski

June 9, 2016

In today’s CT Daily News Digest: Aru solos to Dauphiné stage victory with late-race attack, Contador retains yellow; Brenton Jones wins Korea stage, takes over lead; Motorist runs down cyclists, killing five in Michigan; Stig Broeckx finally out of danger after motorbike impact; Recovered after losing kidney, Trixi Worrack will make her return to racing this weekend; Orica-AIS and Cervélo-Bigla on skipping WordTour events in pursuit of Olympic success; 2015 UCI annual report released; LottoNL-Jumbo names Tour long-list; WADA suspends Madrid laboratory accreditation; USA Cycling testing for motorized doping; Giant-Alpecin adding development program for 2017; Dauphiné stage 3 highlights; Behind the scenes with Team Giant-Alpecin; Bora-Argon 18 altitude training camp; Huff crosses the finish line in style

2015 UCI annual report released

by CyclingTips

The annual report for the UCI’s 2015 fiscal year was released and The Inner Ring has taken the time to plow past the words and images to analyse the numbers.

uci

One of the most significant implications for 2015 was large changes in exchange rates, affecting the Swiss Franc, which is what the Switzerland-based UCI works in, though it receives the bulk of its income in other currencies, name the Euro.

The numbers also tell a story about the UCI and its operations. Here is an excerpt from the analysis:


Road accounts for 45% of the UCI’s revenue and 70% of its operating result, in plain terms the UCI is big into road racing and makes most of its money from this. How? Largely thanks to the annual Road World Championships and the impressive host city fee, TV rights and sponsorship income generated by this week. Cyclocross saw a big jump in revenue while mountain biking runs at a loss again.

You might wonder how the UCI makes CHF 3.1 million from the Olympics during a non-Olympic year and the answer is that International Olympic Committee (IOC) awards the UCI a large pot of money which the UCI spreads out over each of the four years of the Olympic cycle.

This raises the interesting matter whereby the UCI derives most of its legitimacy as the Olympic governing body recognised by the IOC but gets most of its income from pro road racing which means a tension: the UCI exists because of the Olympics, it runs because of pro cycling.

Click through to read more at The Inner Ring.

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