Joining VeloClub not only supports the work we do, there are some fantastic benefits:
by Mark Zalewski
June 4, 2016
In today’s CT Daily News Digest: Gilbert wins stage at Tour de Luxembourg; Pujol climbs to Mt. Fuji win in Tour of Japan; Chicchi fastest in Boucles de la Mayenne stage 1; GP Gatineau: Wells wins road race, Neben fastest in time trial; UCI strengthens code of ethics, establishes term limits; After head of its Anti-Doping Committee challenges existing regulations, USA Cycling cuts ties; Russian track cyclist tests positive from London Olympics; Professional Cyclist Association calls for new safety measures; Calls for Belgian lottery to sell team; Investigation finds carbon fork failure caused cyclist death; Amgen Tour of California by the numbers; Rise – Inside Team Dimension Data; Sam Bennett rocks the training ride
The Lotto-Soudal team is owned by the Belgian national lottery. However, that could be coming to an end. The subsidiary of the lottery that handles the business side of the lottery, the Lotto Sports Organisation (LSO), is currently running a six million euro deficit, and there are calls for change.
The government is concerned that the uncertain economic stability of cycling is a danger to the organisation. Budget minister Sophie Wilmès asked for a solution, and out of that two options have surfaces — selling the team outright or converting it into a more traditional sponsorship model without owning the team.
“Sophie Wilmès asked us to think about a solution that would take the lottery away from the daily management of the cycling team and we agree with her,” a spokesman told La Libre.
“A solution has been developed and will be submitted to the Minister and the Board.”
The Belgian lottery has been involved with cycling for more than 30 years.
Click through to read more at La Libre.