Road Cycling · Public discussion

CSC money problems

Started by Ewoud Dronkert · · Last activity · 14 posts · 419 views

This thread is locked and is currently read-only.

Thread navigation

Jump through the discussion

Go to the original post, the replies on this page, or the latest preserved contribution.

Thread details

What we know about this thread

Original section
Road Cycling
Published
7 March 2005
Last activity
8 March 2005
Original author
Ewoud Dronkert
Posts
14
Discussion status
Public discussion
Total views
419
Views / 30 days
0

The navigation and discussion metadata provide context. Posts remain in their original chronological order.

Showing posts 1–14 of 14
Posts remain in their original chronological order.

Text size
  1. From Belgian teletext:

    Team CSC urgently needs a co-sponsor. For months now there have been
    rumours that the team isn't exactly rich. Apparently the riders will
    receive only half of their regular pay until the end of March. But all
    those who stayed agreed on the deal. Daily 'HNB' says riders can leave
    when they get a better offer. Like Fabrizio Guidi who went to Phonak.

    427 tt-EEN 427 ma 07 mrt 13:04:44

    WIELRENNEN nieuws
    ­­­­­­­­­­­­­­­­­­­­­­­­
    CSC-RENNERS RIJDEN VOOR HELFT MINDER
    ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­
    De Deense CSC-ploeg wordt wellicht dé
    te kloppen ploeg in Parijs-Nice. Kopman
    Jens Voigt won alvast de proloog, maar
    Bjarne Riis heeft zorgen aan z'n hoofd.

    CSC is immers dringend op zoek naar een
    bijkomende sponsor. Al maanden gonst
    het van de geruchten dat het het team
    van Riis het niet breed heeft. Zo zou-
    den de renners tot het einde van maart
    slecht de helft van hun loon krijgen.

    Opmerkelijk: de renners die bleven gin-
    gen akkoord met die deal. Daar staat
    tegenover dat elke renner weg kan als
    er een goed bod komt, meldt HNB. Zo
    verhuisde Fabrizio Guidi naar Phonak.

    --
    Firefox Web Browser - Rediscover the web - http://getffox.com/
    Thunderbird E-mail and Newsgroups - http://gettbird.com/

  2. Ewoud Dronkert said:

    From Belgian teletext:

    Team CSC urgently needs a co-sponsor. For months now there have been
    rumours that the team isn't exactly rich. Apparently the riders will
    receive only half of their regular pay until the end of March. But all
    those who stayed agreed on the deal. Daily 'HNB' says riders can leave
    when they get a better offer. Like Fabrizio Guidi who went to Phonak.

    They've had such good results and provided such good entertainment value
    over the last few years that its hard to understand why they can't get
    more sponsorship. I for one would be sad to see them disappear (or
    dissolve due to rider loss.

  3. Ewoud Dronkert said:

    From Belgian teletext:

    Team CSC urgently needs a co-sponsor. For months now there have been
    rumours that the team isn't exactly rich. Apparently the riders will
    receive only half of their regular pay until the end of March. But all
    those who stayed agreed on the deal. Daily 'HNB' says riders can leave
    when they get a better offer. Like Fabrizio Guidi who went to Phonak.

    I thought that to be included in the Pro Tour every team had to provide a
    bank guarantee of some form that they had a certain amount available? Isn't
    that one of the fundamental ideas behind the Pro Tour?

    --
    Perre
    I gave up on SPAM and redirected it to hotmail instead.

  4. Per Elmsäter said:

    I thought that to be included in the Pro Tour every team had to provide a
    bank guarantee of some form that they had a certain amount available? Isn't
    that one of the fundamental ideas behind the Pro Tour?

    Maybe for them it was a trade off between fat salary payments, or
    running the team like an ambitious pro tour team should be run.

    --
    Firefox Web Browser - Rediscover the web - http://getffox.com/
    Thunderbird E-mail and Newsgroups - http://gettbird.com/

  5. Ewoud Dronkert said:
    Per Elmsäter said:

    I thought that to be included in the Pro Tour every team had to


    provide a

    Quoted message said:
    Quoted message said:

    bank guarantee of some form that they had a certain amount


    available? Isn't

    Quoted message said:
    Quoted message said:

    that one of the fundamental ideas behind the Pro Tour?

    Maybe for them it was a trade off between fat salary payments, or
    running the team like an ambitious pro tour team should be run.

    --
    Firefox Web Browser - Rediscover the web - http://getffox.com/
    Thunderbird E-mail and Newsgroups - http://gettbird.com/

    I agree. Bjarne wnats to run a tight ship and it looks like salaries
    are where the trimming hits.....

  6. Ewoud Dronkert said:

    From Belgian teletext:

    Team CSC urgently needs a co-sponsor. For months now there have been
    rumours that the team isn't exactly rich. Apparently the riders will
    receive only half of their regular pay until the end of March. But


    all

    Quoted message said:

    those who stayed agreed on the deal. Daily 'HNB' says riders can


    leave

    Quoted message said:

    when they get a better offer. Like Fabrizio Guidi who went to Phonak.

    Isn't this always the case with them? Two years ago they were riding
    the Giro with plain black shorts, essentially saying; "Thsi space for
    rent"

  7. Per Elmsäter said:

    I thought that to be included in the Pro Tour every team had to provide a
    bank guarantee of some form that they had a certain amount available? Isn't
    that one of the fundamental ideas behind the Pro Tour?

    Usually a bank guarantee means no more than you've given financials to
    the bank and a fee based on what they've seen. Doesn't mean that you
    have cash, only the expectation of enough cash at each point along the
    way. If there was another expected sponsor penciled in and the bank
    knows they can go to CSC for the cash if worse comes to worst, then
    that would be enough.

    I think that the use of the bank guarantee is a last resort and
    amounts almost to a formal dissolution of the team. If CSC has a
    measure of credibility with the team members, perhaps they have
    decided not to do that yet.

    Curtis L. Russell
    Odenton, MD (USA)
    Just someone on two wheels...

  8. I guess if I ever own a team, and I am purporting to sell space on my
    jersey and sell the name to a sponsor, I reckon I'll try and collect
    the money in advance.

  9. Quoted message said:

    I guess if I ever own a team, and I am purporting to sell space on my
    jersey and sell the name to a sponsor, I reckon I'll try and collect
    the money in advance.

    CSC is paying, that's not the problem. They're just not paying enough
    for the team to be run the way Riis likes it. They need another sponsor.

    --
    Firefox Web Browser - Rediscover the web - http://getffox.com/
    Thunderbird E-mail and Newsgroups - http://gettbird.com/

  10. Ewoud Dronkert said:
    Quoted message said:

    I guess if I ever own a team, and I am purporting to sell space on


    my

    Quoted message said:
    Quoted message said:

    jersey and sell the name to a sponsor, I reckon I'll try and


    collect

    Quoted message said:
    Quoted message said:

    the money in advance.

    CSC is paying, that's not the problem. They're just not paying enough
    for the team to be run the way Riis likes it. They need another


    sponsor.

    CSC at least has the integrity to race with blank shorts until they
    find a sponsor.

    this is better than putting a sponsor's name on the jersey before they
    commit and that to attract riders, which is what Linda McCartney/Jaguar
    did.

  11. The UCI needs to be more assertive in defining the financial stability
    requirements of a team.

  12. <[email hidden]> wrote in message
    news:[email hidden]...

    Quoted message said:

    The UCI needs to be more assertive in defining the financial stability
    requirements of a team.

    The UCI needs to be more [fill in the blank] in defining [fill in the blank]
    for the entire Pro Tour.

  13. What I can not understand is how the riders will flip out and go on
    strike over the mandatory helmet issue, but do nothing to organize
    themselves to make sure that there are adequate measuresin place to
    ensure that they get paid. The team owners have areally good thing
    going: A peloton that can't get itself together.

  14. ANOTHER reference to Dave Fuentes stealing $5,000.00 USD in July, 2004
    at Superweek?

    cp

Active in the last 60 minutes

Active in this thread

0 users · 0 guests ·0 bots ·0 total

No signed-in users are active right now.

No known search crawlers active right now.