“We’re not UAE" - Richard Plugge honest about Visma's financial limitations in the transfer market
Cycling
It’s been an open secret for months: Olav Kooij — and Tiesj Benoot — are set to join Decathlon AG2R La Mondiale Team next season. But for the first time, Team Visma | Lease a Bike general manager Richard Plugge has spoken candidly about the reasons behind the departures, offering insight into the financial and sporting pressures currently reshaping the WorldTour landscape.
Plugge acknowledged that Visma is no longer the financial powerhouse it was five years ago — and that they can’t compete with the spending power of some of cycling’s new heavyweights.
“We’re not UAE. Other teams have increased their budgets and are targeting our riders with offers that go beyond what we’re prepared to pay for their market value,” Plugge told Het Laatste Nieuws. “If a rider decides to earn more elsewhere, I congratulate them. They’re professionals. This is their livelihood.”
Kooij's Exit: More Than Just Money
While financial factors always play a role, Plugge was quick to stress that Kooij’s decision to leave isn’t purely about the paycheck. The 22-year-old Dutch sprinter has long been considered one of the most promising fast men in the peloton, yet he still hasn’t had the chance to ride the Tour de France.
That lack of opportunity may have weighed heavily on Kooij’s decision, Plugge admitted: “Sporting ambitions matter too. Sometimes a rider wants guarantees that we simply can’t offer — guarantees they might find elsewhere.”
With Jonas Vingegaard the undisputed centrepiece of Visma’s Tour de France strategy, it’s clear that every spot on the team is designed to support a third yellow jersey bid. “Our entire Tour team is built around trying to win the race with Jonas,” Plugge stated plainly. “That’s our goal.”
Olav Kooij, celebrating a win in the Giro d'Italia;
Budget Battles and Shifting Power
Plugge firmly denied that the team is facing financial difficulties, despite speculation sparked by the high-profile departures. “That’s a myth,” he said. “Starting from the Tour, we’ll have a new co-sponsor — Skil. Financially, we’re in a strong position. We have the fifth-largest budget in the peloton.”
But the arrival of corporate giants like Decathlon, Red Bull, and Lidl as major sponsors across the sport has shifted the balance of power — and raised the stakes. “Those brands are pushing other teams up toward the top. The playing field is changing,” Plugge explained.
Rather than overspending to keep pace, Visma is doubling down on performance. “To stay competitive, we need our riders to perform better with us than they would elsewhere. That’s still happening. Riders want to join us. And some of them are earning less now than they did with their previous teams.”
But Plugge was also clear: Visma has limits. “Every rider has a market value, and we don’t like to exceed it,” he concluded his comments firmly.
Read also
🇮🇹 #GirodItalia
— Team Visma | Lease a Bike (@vismaleaseabike) June 4, 2025
Relive Olav’s second stage win in this year’s Giro d’Italia! 🚀🩷 pic.twitter.com/LQeQjsRy9j
Kieran WoodDeputy Editor-in-Chief
Kieran Wood is a sports journalist based in Wales and has been active in journalism since 2022. He regularly contributes to DartsNews.com and CyclingUpToDate.com, where he covers professional cycling and darts. In cycling, his work includes liveblogs from major races, including the Tour de France, the Giro d’Italia, and La Vuelta a España, alongside race reports and analysis. He has also conducted interviews with professional riders.
His reporting spans the full racing calendar, from one-day classics to stage races, with a focus on accurate, real-time coverage and clear contextual analysis. For statistics, results, and historical context, he regularly uses resources such as ProCyclingStats. To support reporting on rider activity and training context where relevant, he also references Strava.
In his work, Kieran places strong emphasis on careful sourcing, editorial accuracy, and updating articles as new, verified information becomes available.
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