Long-time regulars at the Tour de France, the Cofidis cycling team announced a four-year extention to its sponsorship deal on Thursday. The World Tour team named after the Cofidis money-lending firm also announced a new women’s team as of 2022.
“Our previous budget of 11.5 million euros ($13.68 million) has been raised to 13 million,” team chief Thierry Vittu told AFP.
The budget remains one of the more modest in elite cycling.
“Our plan is one of gradual year on year improvement,” Vittu said.
The team’s top star Guillaume Martin came 11th on the Tour de France in 2020.
RBA/AFP Photos: Bettini