Meet the new boss of cycling, Zdeněk Bakala. Whether he’s the same as the old boss depends but the UCI has signed a memorandum of understanding with Bakala, the Czech billionaire to invest up to €20 million from Bakala alone being cited.
Earlier this week we had news of the UCI launching a consultation exercise, now we have news that a deal is close to being signed, with Pat McQuaid saying “we look forward to making a formal announcement on this as soon as possible.”