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Intermarché manager reassures the payment problems were "only a temporary issue" that won't influence the future of the project
CyclingWednesday, 20 September 2023 at 08:30
Intermarché-Circus-Wanty did not pay its riders on time in the months of July, August and September, writes Het Laatste Nieuws. The Belgian formation says that these are temporary problems, as everyone has ultimately received their money in recent months.
According to HLN, there is nevertheless 'nervousness' at Intermarché-Circus-Wanty. Normally wages are paid around the fifth day of the month. In recent summer months this happened one to two weeks later. CEO Jean-François Bourlart has an explanation for this: "A number of sponsors are delayed with their quarterly payments - which can happen - and that means we are also a bit late. But this is just a shortfall in the treasury, this has nothing to do with our budget or any problem for the future."
A 'cash flow problem' and 'a problem of punctuality', Bourlart tries to calm the mood. According to him, it will only become a serious problem if wages can no longer be paid, which is therefore not the case. Nevertheless, the UCI was informed of the situation this summer and the cycling association has already spoken to the team. "There has been contact with the UCI, that is correct. Everything was transparent. The UCI carries out continuous checks, they do an audit every year."
According to Bourlart, the fact that some employees will leave after 2023 is not directly related to the deferred payments. He is also not concerned about the selection for 2024. There are 26 to 27 riders under contract and the fact that Circus will no longer be in the name due to a new gambling law in Belgium will not have any major consequences. "At the moment our budget remains the same as that of 2023, but today I had a meeting with a potential new sponsor. I hope that our budget will increase a little in 2024. I assure you, budget won't be a problem. If you have less money, you hire less expensive riders, so everything remains in balance."
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- Gets my vote
leedorney16-11-2024 - Most cycling sites in English are behind a pay wall. And I assume they do not show you ads then. I also would live to see all news for free and no ads. Not sure then how they will pay all writers. Or maybe they also work for free. Just because they love cycling. That would be perfect 😀 And hope the server provider also is a huge cycling fan, so they can get that for free too. 😉
DareDevil16-11-2024