Team Sky become Team Ineos as new sponsor owned by Sir Jim Ratcliffe is confirmed

Chris Froome

Chris Froome has won four Tours de France for Team Sky since 2013

Team Sky have officially become Team Ineos to reflect their new sponsor, a chemicals firm owned by Britain’s richest man Sir Jim Ratcliffe.

Broadcaster Sky said in December it would end its decade-long commitment at the end of 2019, during which time the team Sky have won eight Grand Tours.

Ratcliffe is worth £21bn and has been in talks with Team Sky principal Sir Dave Brailsford for several weeks.

The new team’s launch will take place at the Tour de Yorkshire on 2 May.

Ineos will become the sole owners of the team from 1 May and says it “will continue to fund the current team in full, honouring all existing commitments to riders, staff and partners”.

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Four-time Tour de France winner Chris Froome expressed the view of the riders

Ratcliffe, chairman and chief executive of Ineos, said: “Cycling is a great endurance and tactical sport that is gaining ever more popularity around the world.

“Equally, cycling continues to mushroom for the general public as it is seen to be good for fitness and health, together with easing congestion and pollution in city environments.

“Ineos is delighted to take on the responsibility of running such a professional team.”

Team Sky was launched in January 2010 and has amassed 327 victories since, including the eight Grand Tours.

Current riders Chris Froome and Geraint Thomas have won five Tours de France between them, and Welshman Thomas signed a new three-year deal in September after winning his first Tour last July.

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‘It’s just insane really’ – Thomas reacts to Tour de France win

Brailsford, who will continue in his role as team principal, said: “Today’s announcement is great news for the team, for cycling fans, and for the sport more widely.

“It ends the uncertainty around the team and the speed with which it has happened represents a huge vote of confidence in our future.

“In Sir Jim Ratcliffe and Ineos, I know we have found the right partner whose vision, passion and pioneering spirit can lead us to even greater success on and off the bike. It heralds the start of a hugely exciting new chapter for us all as Team Ineos.”

Ineos is Britain’s largest privately owned company and in 2018 posted annual pre-tax profits of £2bn.

Ratcliffe has already invested £110m in Ben Ainslie’s Americas Cup team.

Team Sky have dominated the Tour de France in recent years, winning six of the past seven editions, while Froome also won the 2017 Vuelta a Espana and the 2018 Giro d’Italia.

However, the efficient style and big spending that underpinned Sky’s success has been unpopular with some fans, particularly in France.

The team has also been subject to allegations of cheating.

Froome, 33, had an anti-doping case brought against him and subsequently dropped by governing body the UCI, while former rider Bradley Wiggins has faced questions over his use of a medical exemption for hayfever medication.

The UK Anti-Doping Agency also conducted a 14-month investigation into a ‘mystery package’ delivered to then-team doctor Richard Freeman on the final day of Wiggins’ successful Criterium du Dauphine bid in 2011.

Team Sky, Froome and Wiggins deny any wrongdoing in all three cases.

Analysis

BBC sports editor Dan Roan

This has been a remarkable turnaround in fortunes for arguably the country’s most successful and controversial sports team.

Only a year ago, the brand appeared toxic and a group of MPs accused Team Sky of “crossing the ethical line”. Although that was denied, once Sky announced it was pulling out, the future looked bleak.

Some felt team boss Sir Dave Brailsford’s bid to find a saviour could be scuppered by the medical tribunal of the team’s ex-doctor. Richard Freeman denied a charge that he ordered a mystery delivery of testosterone to help a rider to cheat.

But the case was bogged down in legal argument, then adjourned, damaging headlines were avoided, and now the team has been saved.

From therapeutic use exemptions to ‘jiffybags’, Sir Jim Ratcliffe will have weighed up the team’s various scandals in recent years, but concluded their unprecedented success is worth being associated with.

This will come as a huge relief to the team’s staff and fans who will be delighted that their star riders will now stay.

Others, however, will be concerned that the dominance of cycling’s wealthiest team could continue, making races too predictable. I understand the team’s annual £35m budget will be maintained and perhaps even increased.

Joining forces with Ratcliffe allows the team to preserve their British identity, although some will point out reports of the billionaire’s controversial recent move to tax haven Monaco.

Environmentalists will also be concerned that Ineos – one of the biggest plastic producers in Europe, with an interest in fracking in the UK – could be investing in the green sport of cycling as a PR tactic.

What does it mean for Sky’s riders?

Ineos’ takeover secures the immediate futures of Brailsford and Team Sky’s riders with contracts beyond the end of this season.

Four-time Tour de France winner Froome’s deal runs until the end of 2020, while Thomas is under contract until 2021.

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Geraint Thomas, the 2018 tour de Franvce winner, says he is “super happy” with the news

This takeover also ensures the team will retain highly rated Colombian Egan Bernal, who signed a notable five-year deal in October.

The 22-year-old won Paris-Nice on Sunday, will lead Team Sky at this year’s Giro d’Italia and is expected to challenge for Grand Tour titles throughout his career.

Ivan Sosa, another promising young Colombian, signed a three-year deal last year and Brailsford reportedly met the Colombian government and the country’s largest petroleum company Ecopetrol while searching for new sponsorship.

But Ineos’ investment means the team remains backed by a UK company, with eight British riders in Team Sky’s 29-man roster.

Team Sky’s accounts for 2017 revealed a budget of £34.5m, the biggest in professional cycling.

What is Ineos?

Ineos is one of the world’s largest manufacturers of chemicals and Britain’s largest privately owned company.

Ratcliffe announced £1bn worth of investments in the UK oil and chemical industries last month.

Ineos moved its head office to the Swiss city of Lausanne in 2010 to cut its corporation tax bill, but returned to the UK in 2016, with headquarters in London and an office in Hampshire.

The company has rights to explore for shale gas in sites in Cheshire, Yorkshire and the Midlands, but has yet to start fracking because of planning disputes, with Ratcliffe criticising the government’s fracking rules.

Who is Sir Jim Ratcliffe?

Ratcliffe, 66, was born in Failsworth, near Manchester, and worked as a chemical engineer before founding Ineos in 1998 out of previous company Inspec.

He retains a 60% stake in Ineos and was knighted in June last year, shortly after becoming the first British-born industrialist to top the Rich List.

Ratcliffe supports Brexit and last month criticised the European Union, saying its “foolish” green taxes deterred investment in industry.

He is a season ticket holder at Chelsea and was linked with a £2bn bid to buy the club from the Stamford Bridge club’s owner Roman Abramovich.

In 2017, he bought football club FC Lausanne-Sport, who play in the Swiss second tier.

Article source: http://www.bbc.co.uk/sport/cycling/47629760

Team Sky set to name new sponsor as Ineos, owned by Sir Jim Ratcliffe

Chris Froome

Chris Froome has won four Tours de France for Team Sky since 2013

Team Sky are set to announce a new sponsor – owned by Britain’s richest man Sir Jim Ratcliffe.

The broadcaster said in December that it would end its decade-long commitment at the end of 2019, during which time Team Sky have won eight Grand Tours.

The team will be renamed Team Ineos – after the chemicals giant that billionaire Ratcliffe owns.

Ratcliffe is worth £21bn and has been in talks with Team Sky principal Dave Brailsford for several weeks.

Team Sky was launched in January 2010 and has since amassed 327 victories, including those eight Grand Tour triumphs.

Current riders Chris Froome and Geraint Thomas have won five Tours de France between them, and Welshman Thomas signed a new three-year deal in September after winning his first Tour last July.

Ineos is Britain’s largest privately owned company and in 2018 posted annual pre-tax profits of £2bn.

Ratcliffe has already invested £110m in Ben Ainslie’s Americas Cup team.

Former Team Sky rider Bradley Wiggins, who won the 2012 Tour de France, said the partnership between Brailsford and Ratcliffe could be “ideal”.

Talking on Eurosport’s The Bradley Wiggins Show, he said: “I think he would have been reluctant to have another multinational company that came in and wanted the control in terms of ‘this is how we advertise our company’.

“Ratcliffe is the richest man in Britain and you would imagine that the kind of money they have asked for is nothing to him.

“Dave can continue running this team with all his plans and philosophies, so it’s an ideal situation for him and you’d imagine he is answerable to one man.”

Team Sky have dominated the Tour de France in recent years, winning six of the past seven editions, while Froome also won the 2017 Vuelta a Espana and the 2018 Giro d’Italia.

However, the efficient style and big spending that underpinned Sky’s success has been unpopular with some fans, particularly in France.

The team has also been subject to allegations of cheating.

Froome, 33, had an anti-doping case brought against him and subsequently dropped by governing body the UCI, while former rider Bradley Wiggins has faced questions over his use of a medical exemption for hayfever medication.

The UK Anti-Doping Agency also conducted a 14-month investigation into a ‘mystery package’ delivered to then-team doctor Richard Freeman on the final day of Wiggins’ successful Criterium du Dauphine bid in 2011.

Team Sky, Froome and Wiggins deny any wrongdoing in all three cases.

Article source: http://www.bbc.co.uk/sport/cycling/47608625

Tirreno-Adriatico: Adam Yates adds to lead as Jakob Fuglsang wins fifth stage

Jakob Fuglsang

Jakob Fuglsang is the second Astana rider to win a stage at this year’s Tirreno-Adriatico

Briton Adam Yates stretched his Tirreno-Adriatico lead as Jakob Fuglsang won the fifth stage.

Mitchelton-Scott’s Yates finished 40 seconds behind Astana rider Fuglsang on the 180km hilly stage to Recanati.

But the 26-year-old added 18 seconds to his overall lead and now holds a 25-second advantage over Primoz Roglic, who finished third on Sunday.

Dane Fuglsang dedicated the win to his former team-mate Michele Scarponi, who was killed in a training crash in 2017.

Scarponi grew up in nearby Filottrano and the fifth stage of the 2018 Tirreno-Adriatico was dedicated to him.

“I wanted to win this stage for Michele Scarponi and his wife who visited us yesterday,” Fuglsang, 33, said.

Yates described the fifth stage as the “hardest of the race”.

“I came close to the win but Fuglsang was on another level. I did the best I could,” he added.

Monday’s penultimate stage covers 195km from Matelica to Jesi.

Tirreno-Adriatico stage five result

1. Jakob Fuglsang (Den/Astana) 4hrs 39mins 32secs

2. Adam Yates (GB/Mitchelton-Scott) +40secs

3. Primoz Roglic (Slo/Team Jumbo-Visma) +56secs

4. Tom Dumoulin (Ned/Team Subweb) +1min 39secs

5. Thibaut Pinot (Fra/Groupama-FDJ) +1min 53secs

Tirreno-Adriatico general classification

1. Adam Yates (GB/Mitchelton-Scott) 20hrs 33mins 48secs

2. Primoz Roglic (Slo/Team Jumbo-Visma) +25secs

3. Jakob Fuglsang (Den/Astana) +35secs

4. Tom Dumoulin (Ned/Team Sunweb) +1min 55secs

5. Julian Alaphilippe (Fra/Deceuninck-Quick-Step) +2mins 34secs

Article source: http://www.bbc.co.uk/sport/cycling/47605528

Thomas out with ‘stomach issues’ as GB’s Yates maintains Tirreno-Adriatico lead

Geraint Thomas

Geraint Thomas became the first Welshman to win the Tour de France in July 2018

Geraint Thomas has withdrawn from the Tirreno-Adriatico during Saturday’s fourth stage with “stomach issues”.

The Team Sky rider, who became the third Briton to win the Tour de France in July, was 133km into the 221km stage in Italy when he pulled out.

Thomas, 32, began the day 38 places behind overall leader Adam Yates.

Kazakhstan’s Alexey Lutsenko crashed twice in the final 20km as he claimed a remarkable stage victory, with Yates finishing third to maintain his lead.

Lutsenko was leading by a minute when he went off course after misjudging a left-hand corner.

He recovered but, with his lead cut, the 26-year-old fell heavily on another turn and was caught by a group including Mitchelton-Scott’s Yates.

Despite the fall, Astana rider Lutsenko moved back in front on a sprint with 100m remaining to claim victory in Fossombrone.

The prestigious seven-day race concludes on Tuesday.

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Alexey Lutsenko won road race and time trial gold at the Asian Games in 2018

Meanwhile, at Paris-Nice, Team Sky’s Egan Bernal took over the race lead from team-mate Michal Kwiatkowski after the Pole slipped back in the final 2km of stage seven.

Colombia’s Daniel Martinez beat compatriot Miguel Angel Lopez to win the stage at the summit of the Col de Turini, while Britain’s Simon Yates was fourth, 20 seconds back, alongside Nicolas Edet in third.

Bernal chased down Philippe Gilbert to claim the leader’s yellow jersey and now leads the Belgian by 45 seconds, with Nairo Quintana a second further back, heading into Sunday’s final stage.

Tirreno-Adriatico stage four result

1. Alexey Lutsenko (Kaz/Astana) 5hrs 16mins 29secs

2. Primoz Roglic (Slo/Team Jumbo-Visma) Same time

3. Adam Yates (GB/Mitchelton-Scott)

4. Jakob Fuglsang (Den/Astana)

5. Davide Formolo (Ita/Bora-Hansgrohe) +10secs

Tirreno-Adriatico general classification

1. Adam Yates (GB/Mitchelton-Scott) 15hrs 53mins 42secs

2. Primoz Roglic (Slo/Team Jumbo-Visma) +7secs

3. Tom Dumolin (Ned/Team Subweb) +50secs

4. Julian Alaphilippe (Fra/Deceuninck-Quick-Step) +56secs

5. Sam Oomen (Ned/Team Subweb) Same time

Article source: http://www.bbc.co.uk/sport/cycling/47597266

Yates retains Tirreno-Adriatico lead as Viviani wins stage

Italian champion Elia Viviani spreads his arms out to celebrate winning stage three of Tirreno-Adriatico

Italian champion Elia Viviani held off his sprint rivals to win stage three

Britain’s Adam Yates retained the overall lead at Tirreno-Adriatico after stage three, which was won by Italy’s Elia Viviani in a sprint finish.

Viviani held off former world champion Peter Sagan and Colombia’s Fernando Gaviria in a technical finish in Foligno, Italy.

His Deceuninck-Quick Step team have now claimed 17 victories this season.

Mitchelton-Scott rider Yates, 26, finished safely in the bunch after a relatively easy day on the 224km route.

He keeps the leader’s blue jersey over team-mate Brent Bookwalter on stage placings, with Slovenia’s Primoz Roglic (Jumbo-Visma) seven seconds back in third.

The prestigious seven-day race concludes on Tuesday.

Meanwhile, at Paris-Nice, Ireland’s Sam Bennett beat France’s Arnaud Demare on the line after a late surge to claim stage six in a sprint finish in Brignoles, France.

Team Sky’s Michal Kwiatkowski remains in the overall lead, 18 seconds ahead of team-mate Egan Bernal, with the race concluding on Sunday.

Tirreno-Adriatico stage three result

1. Elia Vivani (Ita/Deceuninck-Quick Step) 5hrs 26mins 45secs

2. Peter Sagan (Svk/Bora-Hansgrohe) Same time

3. Fernando Gaviria (Col/Team UAE Emirates)

4. Giacomo Nizzolo (Ita/Dimension Data)

5. Jens Keukeleire (Bel/Lotto Soudal)

Tirreno-Adriatico general classification

1. Adam Yates (GB/Mitchelton-Scott) 10hrs 37mins 19secs

2. Brent Bookwalter (US/Mitchelton-Scott) Same time

3. Primoz Roglic (Slo/Team Jumbo-Visma) +7secs

4. Laurens de Plus (Bel/Team Jumbo-Visma) Same time

5. Tom Dumoulin (Ned/Team Sunweb) +22secs

Article source: http://www.bbc.co.uk/sport/cycling/47589483

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