Équipe Paule Ka shuts down mid-season after sponsors default on funds | CyclingTips

Équipe Paule Ka shuts down mid-season after sponsors default on payments | CyclingTips

Equipe Paule Ka – at present 4th on the UCI rating – is ceasing operations instantly. The ladies’s staff has withdrawn from Sunday’s Tour of Flanders and different remaining races.

The Swiss-based staff introduced on June 17 that French style model Paule Ka took over as lead sponsors however cites in a press launch that the funds led to August regardless of guarantees funds would arrive quickly.

It’s the second time in a single 12 months staff supervisor Thomas Campana loses the staff’s title sponsor: Bigla and clothes model Katusha. It was introduced in April that each sponsors wouldn’t proceed and had withdrawn funding instantly. The staff resorted to a crowdfunding marketing campaign and drew funds from the necessary UCI financial institution assure to pay each riders and employees.

On June seventeenth a brand new identify was introduced after French girls’s style model Paule Ka took over the function as title sponsor. The funding could be safe till 2024 and the staff would apply for WorldTour standing. The French model itself by no means introduced or confirmed the sponsorship deal on their very own media.

This all got here to a sudden halt simply in the future shy of 4 months later. CyclingTips already reported on October 6 that the riders and employees have been knowledgeable of the dire way forward for the staff by Thomas Campana.

Right now this information was confirmed. The staff points a press launch stating:

It’s with nice remorse that Équipe Paule Ka broadcasts the instant cessation of its racing season and, sadly, the closure of the staff – at present ranked fourth on the planet with over 3000 UCI factors – because of the absence of sponsor funds since August.

After late cost of its first instalment in July, the French style firm Paule Ka then did not pay the staff within the months of August, September and October, regardless of a number of assurances that the funds have been on their manner.

Equipe Paule Ka employs 13 riders amongst who Lizzy Banks, winner of Giro Rosa stage 4, Marlen Reusser, silver Particular person Time Trial medal winner on the World Championships, American Leah Thomas and New Zealand’s Niamh Fisher-Black and one of many breakthrough riders of the 12 months Mikayla Harvey – fifth within the 2020 Giro Rosa.
Solely Danish sprinter Emma Norsgaard has already introduced a brand new staff: Workforce Movistar for 2021 and 2022. The opposite riders and employees will face an uphill battle to discover a spot at a brand new staff this late within the 12 months.

Regardless of the staff stating of their press launch that cost points began as early as July and no funds have been obtained from August, Leah Thomas, Mikayla Harvey and Lizzy Banks all signed contract extensions in August of 2020.

The staff began racing in 2005 beneath the identify Bigla Procycling and had huge names of their ranks like Annemiek van Vleuten, Ashleigh Moolman-Pasio and Carmen Small.

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