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Old 08-02-14, 07:53 PM   #1
CanadianBiker32
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Profits in Running a Cycling Team

Are there money to be made in running and owning a cycling team?
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Old 08-02-14, 08:11 PM   #2
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I've never made any money at it................
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Old 08-02-14, 09:08 PM   #3
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I know a guy that ended up with 100K owning a cycling team....................he started with 250K.
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Old 08-03-14, 03:34 AM   #4
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Which one are you thinking of buying?
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Old 08-03-14, 08:06 AM   #5
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there may be profits to be made by improving advertising and race organization models, but cycling teams are just there for their jersey and bike to be seen, i think.
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Old 08-03-14, 08:12 AM   #6
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If you look at cycling teams as a marketing scheme, then it makes sense if you can field one, get sponors, and be successful in big races (Giro, TdF, Vuelta, etc). Its supposed to be a great marketing tool in Europe with good returns for the sponsors, but only break-even (if not a loss) in North America.
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Old 08-03-14, 09:24 AM   #7
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... do better buying favors from your MP.
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Old 08-03-14, 09:43 AM   #8
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Quote:
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I know a guy that ended up with 100K owning a cycling team....................he started with 250K.
Like the stock market: The best way to make a small fortune is to start with a large fortune.
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Old 08-03-14, 01:40 PM   #9
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Possibly, at the GT Pro level, otherwise only for the vendors involved.

Team income comes from advertizing. Good ad revenue depends on having a winning team, but those riders cost more. If you do cobble together a good team, ad revenue can pay all the expenses, leaving you an income comparable to what a management fee would be. In many cases, the teams paid staff, especially the saleried general manager make more than the owner.

If you want to make money with a pro team, be a high salaried employee, not an owner.
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Old 08-04-14, 08:53 AM   #10
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Quote:
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Are there money to be made in running and owning a cycling team?
Riding a bike isn't working out for you?
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