"INEOS don't want to spend more money... But they very clearly do want us to be a super team" - CEO John Allert on future of the INEOS Grenadiers

Cycling
Friday, 17 January 2025 at 16:30
ineosgrenadiers

The INEOS Grenadiers have had a winter of change. From the departures of star riders such as Tom Pidcock, Jhonatan Narvaez and Ethan Hayter among others and the exit of key staff such as Steve Cummings and Dan Bigham, the team heads into 2025 with a fresh face. Could there soon be a new title sponsor for the team too?

"I can confirm that the team will exist into the next (2026-2028 WorldTour) cycle," INEOS Grenadiers team CEO John Allert says in quotes collected by Cycling News. "We are very lucky to have owners that are very passionate about this sport, that are personally involved in the sport and they get on a bike. They've had numerous opportunities if they didn't want to be in the sport, to make that clear but they do want to be in the sport."

Despite the fact Allert insists INEOS remain interested in the sport, he admits their financial backing is not on the same level as it once was. "It's fair to say that INEOS don't want to spend more money," he says. "So it depends entirely on what happens with this commercial activity. They very clearly do want us to be a super team and they know what it takes to be a super team. I'm not going to put a number on that, but it's a number that's greater than what we're currently spending."

"You don't need to be that clued-up to realise there's a reason why we're trying to bring other people on that journey with us. There's value to be created for other brands and we don't necessarily feel we have to, need to, or want to, go it alone," Allert continues. "I've heard some bonkers rumours in the last couple of weeks about people buying us or investing in us or whatever else. We certainly have a commercial strategy that is an evolution of our strategy. We've appointed an agency and we're looking at commercial partnership opportunities, like most other teams are. It's a very crowded market. We haven't signed anybody. I'm not aware of us imminently signing anybody."