Don’t call it a merger. Call it a marriage.
That is the thing that Jonathan Vaughters said in declaring the new relationship between Cannondale, the American bicycle producer, and Slipstream Sports, the American sports administration assemble behind the Garmin-Sharp UCI Proteam.
With Brixia Sport, the Italian administration bunch behind the momentum Cannondale group, shutting everything down at the end of the season, the American bicycle producer is moving its gear sponsorship into Slipstream Sports, which was looking for a title supporter to supplant Garmin, its title support since 2008.
Recently, Cervélo, Garmin’s bicycle support since the merger of Garmin and Cervélo Testteam in late 2010, advertised it would be supporting MTN-Qhubeka in 2015, loaning confidence to the bits of gossip that Slipstream Sports’ riders would be riding Cannondale bicycles in 2015.
Cannondale will back the group through 2017.
“Actually, its not a merger,” Vaughters said. “It’s still Slipstream Sports, LLC, as the holder and administration of the group. Cannondale turns into an extensive shareholder. Slipstream administrator Doug Ellis remains the essential shareholder.”
Notwithstanding the evident bicycle sponsorship, Cannondale brings eight riders under contract, and in addition potential staff parts — executives, soigneurs, mechanics — that could possibly discover a home into the Slipstream association.
“For the riders under contract with the current Cannondale group, we will offer each of them eight agreement under the terms they had set up,” Vaughters said. “It’s undetermined as of right now which will acknowledge, and which may not. The extent that our riders go, we have 14 riders under contract for one year from now, and they all will be regarded. Any individual who had an agreement in this situation will be regarded.
There is no one who has a 2015 agreement that we are rearranging off to the side.”
Among those eight riders are 2012 Tour of Poland victor Moreno Moser, 2013 under-23 best on the planet Matej Mohoric, Kristijan Koren, Alan Marangoni, and Elia Viviani.
One rider contracted with Cannondale, Davide Formolo, has effectively marked a Slipstream contract. Formolo, 21, was second to Vincenzo Nibali at the Italian national street title in June, and seventh in general at the Tour de Suisse.
Vaughters said that Slipstream Sports’ strategy is that the group does not sign any agreement until administration has investigated a rider’s whole UCI blood profile, including that it has not yet gotten to that point among huge numbers of the eight riders advancing over from the Italian group.
Vaughters said the eight riders would have until the UCI’s Worldtour enrollment date of October 15 to choose, however he questioned it would take that long.
Among the 14 riders who have contracts with Slipstream Sports for 2015 are Andrew Talansky, Daniel Martin, Ryder Hesjedal, Tom Danielson, Ben King, Nathan Haas, Sebastian Langeveld, Tom-Jelte Slagter, Nick Nuyens, Nate Brown, André Cardoso, Norman Hansen Lasse, Ramunas Navardauskas, and Dylan Van Baarle.
“Overall the riders [that might be] impending over are an exceptionally adolescent, super youthful group,” Vaughters said. “A lot of people are first-year stars, yet they are an incredibly capable group of youthful riders.
“As far as our general destinations, it will even now be Sebastian Langeveld for the classics, Andrew Talansky for the fantastic visits, Dan Martin for the Ardennes, with Ryder Hesjedal kicking around in there. We will be a group with a considerable measure of youthful ability. Moreover now we have an unbelievable harvest of ability including Formolo who can as of now lead the group in weeklong stage races and will disciple to Hesdjal in the 2015 Giro.
There’s likewise Moreno Moser who’s now fit for winning Worldtour races as demonstrated by his win in the 2012 Tour of Poland, and his third-put on Alpe d’huez in the 2013 the Tour de France.”
Should every one of the eight riders move over to Slipstream Sports, Vaughters said there would stay five spots accessible to fill the group’s lists of 27 riders.
American riders even now looking for contracts for 2015 incorporate Cannondale rider Ted King and Garmin’s Phil Gaimon.
“Eight gentlemen have been broadened offers, however they may choose they would rather go ride for an alternate group. They’re not obliged to ride with us, however we trust they will” Vaughters said. “Until the greater part of that gets to be obvious, we don’t have the foggiest idea about our last 2015 lists.
“Cannondale will be a title support, regardless” he said. “Starting today, the name of the group is Team Cannondale. There is the likelihood of an alternate brand moving into the first name, or second name, of the group’s title. In any case, the monetary allowance is secure and like our 2014 financial plan. Anyhow as of August 18, its Team Cannondale for 2105.
We are even now searching for a co-title on either end of that keeping in mind the end goal to fortify our system in the years to come. Anyway we’re exceptionally lucky to have an incredible accomplice in Cannondale for the following three years, and the security that accompanies that.
“Garmin will even now be included, on an extensive scale. Starting now, Garmin won’t be a title support, yet that is still a progressing exchange. Garmin has an agreement with Slipstream Sports, and I think Garmin will be in the game for quite a while.”
Vaughters, who as of late moved on from the University of Denver with a MBA, said that he never thought he’d be utilizing lessons gained from a mergers and acquisitions course so not long after graduation.
“This is a standout amongst the most unpredictable arrangements to be assembled in master cycling,” Vaughters said. “It involves a sponsorship segment, furthermore a group possession part. Cannondale gets two seats on Slipstream Sports’ top managerial staff. It’s a true marriage, and that is been fascinating from a business point of view.
This arrangement is a great deal more intricate than simply ‘provide for us this and we’ll put your logo on our pullover.’ There are some extremely fascinating included business components.”
Vaughters said that he didn’t know who would fill those board seats, yet envisioned that one would likely be taken by Cannondale CEO Peter Woods, and the other may be involved by worldwide brand supervisor Bob Burbank, focusing on that it was yet to be dead set.
“Cannondale is eager to collaborate with Slipstream to make the following advancement of Cannondale Pro Cycling with the most dynamic and imaginative group in the peloton,” said Woods.
Vaughters additionally underlined that the group will remain American-enlisted, English talking, and situated in Girona, Spain.
“There is nothing changing about that, the administration and course of the group will be directed in English,” he said. “In spite of the fact that the larger part of our staffing will be comparable, we’re continually searching for new and qualified staff parts, and in our enrolling for 2015 staff, individuals from the Cannondale group will be given necessity.”
Concerning the group’s color plan — Cannondale has utilized a lime green within line with its previous title support, Liquigas, while Slipstream Sports has used a blue-and-white argyle subject for a considerable length of time — Vaughters said that lime green and argyle will, well, blend.
“We’re leaving the likelihood open that somebody comes in as a first-name title support,” he said. “Yet starting today, its going to be green argyle for one year from now.”