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by Shane Stokes
December 7, 2017
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French team FDJ has been given a considerable boost with the news that insurer Groupama has taken over the lead sponsorship of the squad, adding a sizeable amount to its budget. It has come on board for three years, thus backing the team until the end of 2020.
Although FDJ will reduce its commitment to focus on other sports, including Paris 2024, L’Equipe reports the overall gain will be 30%. That will help general manager Marc Madiot to continue building the strength of the squad.
“We will have a nice team for [the next] three years,” he said in a team statement. “The agreement in question comes at the right time. It was time for us, for the riders and the coaching structure. There is no question of regressing and this will allow us to grow at the sporting level. To strengthen the density of our team.”
FDJ has clocked up important results in recent years, including Arnaud Démare’s 2016 Milan-San Remo victory and 2017 Tour de France stage win, Thibaut Pinot’s stage wins in the Tour and Giro, plus his third overall in the 2014 Tour plus best young rider award. Madiot said that the increase in budget will enable the team to have a better density of successful riders, as well as to set up a Continental-level development team that will help others to progress and become successful pros.