After careful consideration, GreenEDGE Cycling has today advised Mr. Francisco Huertas, owner of Manuela Fundacion, that it will not proceed with the Head of Terms established on June 5, 2020.
“We felt a strong initial connection with Mr Francisco Huertas, the Manuela Funcacion and their noble aims,” team founder and principal Gerry Ryan explained.
“However, as the negotiations have evolved after the initial announcement on Friday, we have concluded that the relationship will not proceed. We wish Mr Francisco Huertas and the Manuela Fundacion all of the best for the future.”
Moving forward, the GreenEDGE Cycling men’s and women’s teams will return to racing next month under the existing Mitchelton-SCOTT banner, with a fully supported financial and technical structure provided by Ryan.
“The covid-19 global crisis has thrown up many new challenges, but our primary focus remains on our world-class athletes and support staff,” Mr Ryan assured.
“This will include a return to full wages for all riders and staff once WorldTour racing commences in August, and a commitment to the year 2021 as we search for a suitable sponsorship.
“We believe in this team, and the people and culture that have made it so successful these past eight years. Our riders have been inspiring in their commitment and motivation in what has been an uncertain season, and our staff loyal and determined to provide the best service possible in what will be a busy and challenging end to the year. We can’t wait to get back on the road and start winning more races.”