EF Education First, the new name sponsor of the current Cannondale-Drapac team, will also “eventually become majority owner of Slipstream Sports,” the team’s management company has confirmed.
On Saturday afternoon, the team announced that the Swedish firm would be the new sponsor of what will be called Team EF Education-Drapac p/b Cannondale.
The team will retain Rigoberto Uran and Sep Vanmarcke as team leaders and have a similar budget for the 2018 season before the funding from the new sponsor and the eventual new ownership comes to fruition. The team confirmed it will use the funds raised via the #SaveArgyle crowd funding campaign to help the team with science and technology in 2018.
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“We are honored to begin working alongside Slipstream Sports, Cannondale, Drapac, and all of the wonderful partners at Slipstream Sports to keep our cyclists riding into 2018 and for years to come,” said Edward Hult, CEO North America, EF Education First, in the team’s press release.
“We were inspired to step in and become the team’s title partner, and will become majority partner, after learning about the #SaveArgyle campaign and witnessing the incredible outpouring of support from fans around the world.
“We have been moved by the powerful way that cycling unites people of diverse backgrounds in a peaceful, fun, and friendly way to achieve extraordinary athletic feats,” Hult added. “It aligns perfectly with EF’s mission of opening the world through education and our commitment to bringing different cultures together.”
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