According to Reuters, five top cycling teams, including Ineos and
Jumbo-Visma, are in talks to set up an alternative cycling competition. The intention is to break the power of big players such as ASO and get more money flowing to the teams.
Cycling teams have been complaining for years about the current model, in which a limited amount of organisers seizes all the control over races organisation and subsequent profits (e.g. from TV rights) flow right into their own pockets.