Équipe Paule Ka has been compelled to folded with rapid impact after their headline sponsor did not pay the group for 3 months.
The Swiss-registered UCI girls’s squad, previously Bigla-Katusha, shall be compelled to overlook the final two races of the season because the group mentioned they can not maintain themselves any longer.
Bigla-Katusha confronted a disaster earlier this 12 months when their sponsors have been unable to satisfy their monetary commitments as a result of international coronavirus pandemic, earlier than French style home Paule Ka stepped in with a four-year contract, saving the group on the final second.
However issues with the brand new sponsor began virtually instantly, when Paule Ka was late to make its first cost in July, then failing to pay the group in August, September and October, regardless of a number of assurances the cash was on it’s method, the group mentioned.
A press release from group administration mentioned: “ That is a particularly unhappy second within the 15-year historical past of this squad, which prides itself on the event of thrilling younger expertise inside the peloton. The group’s riders and employees have been wanting ahead to spending a number of extra years collectively within the pursuit of sportive success.
“Nonetheless, this will regrettably not be our shared purpose, with the group being compelled to dissolve after a decade and a half within the peloton. Now, our important purpose is to seek out each riders and employees new groups to safe their futures.”
The group, which is residence to British expertise Lizzy Banks, have constantly punched above their weight, taking wins within the Giro Rosa (due to Banks) and touchdown on the rostrum of the World Championships, European Championships, and boasting a number of nationwide titles amongst their roster.
However after 15 years within the peloton, the group has now closed and can miss the Tour of Flanders and Three Days of Brugge-De Panne.
The group mentioned: “We want to lengthen honest due to biking followers all around the world, followers of the group, and our opponents inside the peloton, who’ve reached out to us throughout this difficult time to tell us that our presence within the peloton is one that may be sorely missed.”
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Banks is now compelled to discover a new contract late within the season, as she was contracted with Équipe Paule Ka till 2021.