Cancellation of Tour could lead to ‘economic meltdown’ in cycling
April 14, 2020
The Tour de France is not just the center of the cycling season and a celebration of the French nation, but an economic pillar on which teams, sponsors and riders rely. The past month has already seen several teams cut rider salaries and sponsors shoot out warnings of recalling budgets as the early-season racing stop took its toll on revenues and publicity. Several team heads have cited the Tour as a possible make-or-break for the sport’s financial model. Read move on VeloNews.