World TT title for Dumoulin, Devriendt and Sunderland victorious: Daily News Digest

by Shane Stokes

September 21, 2017

Dumoulin wins men’s world time trial championship; Devriendt wins Omloop van het Houtland; Sunderland wins stage 2 of the Tour of China II; Dennis eighth in world championship time trial after crash; Deignan set to compete in World’s Road Race after Appendix Surgery; Haussler says his worlds selection is justified, pledges to be there ‘until the end’; Team LottoNL-Jumbo signs talented American Kuss; Brisbane Continental Cycling Team to launch in 2018; UCI releases annual reports; Video: Norwegian police floor spectator; Video: Uncovered: Emirates Team New Zealand pedal power secrets; Video: Bike change disaster in Elite men’s TT at world championships

UCI releases annual reports

by VeloClub

With the UCI’s Congress and presidential election due to take place this week in Bergen, the governing body has released its annual report and accounts. INRNG has analysed the figures in an interesting blog post.

Here’s an excerpt:

Compared to 2015 you can see the big increase in the Olympic income for the accounting reasons explained above. The other big increase is the “hosting fees”. This means the World Championships. As loyal readers know every year the worlds are a vital income earner for the UCI and in particular the Road worlds.

You might remember eyebrows being raised at Doha’s bid for the worlds in 2015 and talk that the Qataris paid a substantial premium for the privilege. The accounts appear to confirm this. There is no one figure but the sheikh-down is apparent in the accounts in more than one way. The first is the cold hard cash, the income from the road worlds in Doha generated almost 12 million Swiss Francs more in revenue than previous edition in Richmond, Virginia.

That’s a lot but it’s revenue not profit, as the report notes “due to the relative lack of organisational resources locally, a significant part of the local organiser’s duties were contracted back to the UCI which in turn subcontracted to a third party” so rather than the Qataris fulfilling various duties the UCI billed them and paid others to do these things. This shows up in the accounts by an extra six million Francs of “logistics & event organisation”. Let’s hope the reports of 130 unpaid staff has been resolved.

Click through to read more at INRNG.