October 26, 2023, 6:15 pm 1 minute
Reuters is mentioned exclusively on Wednesday evening, when major European cycling teams are exploring plans to create a new competitive championship in a move that could reshape the sport’s landscape and make more funding available to participants. Reuters was first to reveal the potential upheaval of the sport, some of the parties involved and the potential investor to back the initiative, private equity firm CVC.
Impact on the market
Outside investors could help finance the project, two of the people said, speaking on condition of anonymity because the discussions are private. The venture could merge new and existing races, one of the people said.
Topics of interest: Sport
Type: Reuters Best
Types of victory: ExclusivitySpeed
Story Types: Exclusive / Scoop
Media types: Text
Customer impression: Important National History