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Victory again for Mareczko in China, Koppenbergcross battles: Daily News Digest

by Shane Stokes

November 2, 2017

Mareczko nets fourth stage victory in Tour of Hainan; Van der Poel and Wyman win Koppenbergcross; Anti-doping agencies call for post-ban punishments for dopers; INRNG on ASO’s profits; Vos’ WaowDeals Pro Cycling team unveils 2018 kit; Video: UAE Team Emirates Lugano team meeting for 2018; Video: Phils Gaimon’s Worst Retirement Ever, Episode 9 – Mt. Evans Hillclimb; Video: Ambitions ep2 – Feat. Emily Batty – Unwinding after the race season

INRNG on ASO’s profits

by CyclingTips

The always-interesting INRNG has analysed the revenue and profits of Tour de France organiser ASO, noting that it amassed profits of over 40 million euro in 2016. The figure is one which women’s cycling advocates may well quote in saying ASO should do more for this area of the sport.

Here’s an excerpt:

The chart shows data sourced from the filed accounts of Amaury Sport Organisation. The latest set of accounts show annual revenue for 2016 of €220 million and profits of €45.9 million (highlighted in red).

Overall ASO’s finances are very healthy with growing revenues, solid profits and strong margins. On top of this the firm has next to no debts, its creditors are suppliers and the tax authorities rather than banks. The firm employed 311 people according the 2016 accounts.

The Tour de France is only a part of this. According to Wikipedia the Tour accounted for 55% of ASO’s business citing an online newspaper article which says no such thing leaving us to speculate on the importance of the Tour de France within the group. It is probably their most important asset but just how much it contributes to revenue and profits is not shown.

Click through to read more at INRNG.

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