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Team Sky vow to find new sponsor by 2019 Tour de France

Joe Robinson
12 Dec 2018

Team to remain 'open-minded' in terms of potential new investment

Team Sky have vowed to have an answer on the future of the team before the 2019 Tour de France begins, next July. In an open letter to the fans, the team wrote that while they 'can’t predict what will happen from 2020 and there are no guarantees' they will work towards 'clarity one way or the other about the future of the team before the Tour de France next July.'

The letter posted by Team Sky also outlined that the set-up was 'open-minded' in its hunt for a replacement while 'doing everything we can' to secure the team's future over the coming months, although did state that any potential investor would have to share the team's 'ethos and buys in to our values'. 

Television broadcaster Sky will end its association with the British WorldTour team at the end of 2019, finishing a 10 season stint in professional cycling.

This has left team manager, Dave Brailsford, with the task of now finding a replacement to continue cycling's wealthiest team. 

For the 2017 season, Team Sky's budget amounted to £34.5million of which £25million was provided by the departing Sky and 21st Century Fox. The remaining budget was covered by performance sponsors such as Ford and Castelli.

Sky has undergone a wealth of changes in the past year, most notably through the sale of the company to US media company Comcast this October.

It is also expected that James Murdoch, one of the key supporters for Team Sky's sponsorship, is set to leave the company as a result of the sale.

This has led to the company deciding to no longer invest in professional cycling, bringing the end to the team.  

Despite the withdrawal, the team did thank Sky for its long-standing sponsorship in the letter stating that it enabled the team 'to achieve some amazing results and inspire millions of people to love our sport' while also providing the 'opportunity to help Britain become a cycling nation.'

The team ended the open letter by thanking their fans and vowing to have a successful final season.

'Finally, a big thank you to all of our fans. You are, and have always been, the people who are the most important to us and who matter the most. It has been our privilege to race for you. We are proud to have written our pages in the history books and created memories that will never fade.

'And rest assured we are not done yet by any means. Right now, the Team is at training camp putting in the hard work to get ready for next season. We can’t wait to see you all out on the road in the New Year.'