Professional cycling is a competitive world but the news that Ineos Grenadiers had found a new sponsor to boost their budget and so return to super team level, was welcomed in the sport and considered good news for everyone.
On Monday, Cyclingnews and La Gazzetta dello Sport broke the news that Ineos Grenadiers had found a new Danish naming rights sponsor worth €100 million over five years. On Wednesday, several British media named IT brand Netcompany as the brand that will boost Ineos’ budget, with TotalEnergies also expected to raise their sponsorship in the years to come.
The new team will have a €50 million annual budget and so probably be able to compete with UAE Team Emirates-XRG, Lidl-Trek, Visma-Lease a Bike and Decathlon CMA CGM.
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A rival WorldTour team manager pointed out how the new backing, bigger budget and secured long-term sponsorship should enable Ineos to develop a Grand Tour contender for the post-Pogačar era or spread the cost of an expensive transfer signing across multi-year budgets.
All the rider agents in the sport were happy to see news of the €100 million investment coming into the sport, even if Ineos Grenadiers will likely reduce their current sponsorship. Agents no doubt quickly sent their rider list to Brailsford when they read Cyclingnews this week. The agents will be hoping to secure bigger and better contracts for their riders with the British team and so earn extra agent fees, especially in the case of a rider transfer.
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