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Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWireLONDON - A number of major European cycling teams have been exploring plans to create a new competitive league in a move that could reshape the sport's landscape and allocate more funding for participants, three people familiar with the matter told Reuters.
About five teams around Europe including Ineos Grenadiers are involved in the early-stage talks and more could join, the people said. Tour de France champion Jonas Vingegaard’s Jumbo-Visma team is also involved in the talks, one of them said.Big Four accounting and consulting firm EY is seeking expressions of interest from potential investors for the project and has set a deadline for indications this week, two of the people said. A spokesperson for EY declined to comment.
Among those showing interest is CVC Partners, the former owner of Formula One motor racing, two of the people said. A spokesperson for CVC declined to comment. It is a response to the teams concerns that the lion's share of profits from the main cycling races including the Tour de France, La Vuelta and the Giro d'Italia go to their organisers, people familiar with the plans said.
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