VeloClub is CyclingTips’ membership program which brings us closer to our members, and connects likeminded cycling enthusiasts.
by Mark Zalewski
December 17, 2016
In today’s CyclingTips Daily News Digest: Hidden motor inventor Varjas claims technological fraud still possible despite UCI checks; BMC Racing Team president Ochowicz ‘very confident’ in Porte’s Tour de France chances; Cookson urges Brailsford to reveal contents of medical package; Five questions for Dave Brailsford; Moreno Hofland on his new team; Edward Theuns calls the 2017 season ‘A rehabilitation year’; Aqua Blue Sport names roster for inaugural race; Androni-Giocattoli gets ProContinental license from UCI, no word on TJ Sport; Video shows Britain’s transport secretary dooring cyclist; Stölting Service Group team folds; NFTO closes after no replacement sponsor found; Japanese cyclocross racer forced to leave Belgium; Top Irish track rider Caroline Ryan retires; UCI Cyclcross World Championships teaser.
One of the top British domestic teams, NFTO, is closing after a replacement sponsor could not be secured to keep the team running in 2017. NFTO had announced it was ending the ownership and sponsorship of the team earlier this year, but a new team was set to form out of it, run by the team’s sport director Tom Barras. However, the initial unnamed replacement sponsor backed-out at the eleventh hour and efforts to find a new sponsor have fallen short.
“We’ve been here before. Cycling is a rollercoaster,” Barras told Cycling Weekly.
“There is only one revenue stream and that is sponsorship. If that’s not there then we can’t run a team. It’s very difficult.”
“I am still working with an agent and haven’t give up but I am less and less hopeful each day. It doesn’t look like it will happen, but if a sponsor steps in, it is still very much doable. I just haven’t been able to raise the £300,000.”
The team joins One Pro Cycling as British teams with sponsor woes. One Pro Cycling was forced to drop from ProContiental to Continental level next year due to funding shortfalls after losing a sponsor.
Click through to read more at Cycling Weekly.