The Polti VisitMalta workforce is near securing personal fairness funding that may assist safe the workforce’s long-term future and lift the workforce’s funds and ambitions.
An elevated funds would assist Polti VisitMalta struggle with Tudor Pro Cycling, Q36.5, TotalEnergies and different ProTeams for automated wild card invites to WorldTour races.
Cyclingnews and La Gazzetta dello Sport perceive that the personal fairness funding would contain the ProTeam and the Aurum bike model. Both are owned and managed by Alberto and Francisco Contador and Ivan Basso. The traders would take a major share with Contador brothers and Basso proceed to handle the workforce and Aurum.
Ivan Basso refused to remark when contacted by Cyclingnews however has been actively looking for additional funding for the Polti VisitMalta workforce as the price of operating an expert biking workforce will increase yr on yr. Polti returned to biking as a title sponsor in 2024 and this yr VisitMalta has changed Kometa this yr.
Cycling has attracted a sequence of high-profile sponsors in recent times, together with Decathlon, Red Bull and Lidl. Red Bull purchased a 51% controlling stake within the workforce however stored Ralph Denk on board as workforce supervisor. Other main corporations have additionally taken direct management of groups, changing the normal determine of workforce proprietor and supervisor.
A $300 million personal fairness funding from Saudi Arabia is anticipated to fund the One Cycling challenge that may see main groups, some race organisers and the UCI work collectively to shake-up professional biking and enhance income.
Team Polti VisitMalta is an Italian-registered ProTeam and is a part of the Fundación Contador that features the skilled and Junior groups. The challenge and the Aurum bike model had been created by the Contador brothers when Alberto Contador retired, with Basso becoming a member of them after serving to to safe key sponsorship from Eolo and Kometa.
The Proteam has gained two phases on the Giro d’Italia in 2023 and 2021 and secured a wild card invitation to the Corsa Rosa yearly since 2021. This yr’s 20-rider roster consists of Italian skills Giovanni Lonardi, Davide Piganzoli and Ludovico Crescioli.
