The Mitchelton-Scott team gets a new sponsor, from today the team is renamed as Manuela FundaciĆ³n. It’d been whispered for a while the team was in trouble, there had been wage cuts earlier in response to the Covid-19 calendar cancellation, but also doubts over the viability of the team for the long term. Now the team has a new sponsor in the Manuela FundaciĆ³n, a Spanish charity funded by businessman Francisco Huertas (pictured above wearing the red shirt), and its future is secure. Or is it?
Month: June 2020
Full Gas In Turkmenistan
Several years ago this blog looked at the award of the track world championships to Belarus, Europe’s last dictatorship. It was a decision taken with input from a senior UCI official with a significant financial interest in a giant construction project in the capital, Minsk. Whether coincidental or not, the awarding of the worlds served to highlight the substantial conflict of interest between the UCI’s sporting interests and the business activities of Igor Makarov, the Russian oligarch behind the now-defunct Katusha team who sits at the UCI’s top table, the Management Committee. Following that another blog post looked at Turkmenistan and how Makarov had extensive business interests there and noted the UCI was often visiting too.
It’s time to review this Turkmenistan angle because it is continuing today. Having pointed out issues in a tweet the other day, here’s a blog post to explore the issues in detail…
Social Security
For years French teams faced a headwind in the shape of high payroll taxes but this system is now rewarding them. Coupled with stable sponsors and home advantage when it comes to hosting the Tour de France, the three French squads in the World Tour are in a stronger position these days relative to their rivals.