Israel-Premier Tech has become NSN Cycling, according to a press release issued on Thursday.
The team’s licence will now be owned by NSN, which stands for ‘Never Say Never’, an international sports and entertainment company, and backed by Swiss investment bank Stoneweg.
Last month, it was announced that Israel-Premier Tech would be “moving away from its current Israeli identity” ahead of the 2026 season through a rebranding and renaming process. The team’s former co-owner Sylvan Adams, who has previously called himself a “self-appointed ambassador-at-large for Israel”, was also said to be stepping back from his day-to-day involvement with the team.
The squad will continued to be managed by Kjell Carlström. Among the riders confirmed for next season’s team are British quintet Stevie Williams, Jake Stewart, Joe Blackmore, Lewis Askey and Ethan Vernon.
NSN, co-founded by former Spain and Barcelona footballer Andrés Iniesta, also owns a football team in the Danish Second Division, Helsingør FC, and holds a majority stake in gravel bike brand GUAVA, among other interests. Stoneweg, meanwhile, is described as a “global alternative investment group”.
“We are proud to welcome NSN and Stoneweg to the team and announce our new name and identity: NSN Cycling Team,” Carlström said in a statement. “NSN’s acquisition of the team license, and subsequent role in the team’s operations, is an opportunity to welcome investment from an industry leader in global sports and…