CSC money problems

Ewoud Dronkert said:

From Belgian teletext:

Team CSC urgently needs a co-sponsor. For months now there have been
rumours that the team isn't exactly rich. Apparently the riders will
receive only half of their regular pay until the end of March. But all
those who stayed agreed on the deal. Daily 'HNB' says riders can leave
when they get a better offer. Like Fabrizio Guidi who went to Phonak.

They've had such good results and provided such good entertainment value
over the last few years that its hard to understand why they can't get
more sponsorship. I for one would be sad to see them disappear (or
dissolve due to rider loss.

Ewoud Dronkert said:

From Belgian teletext:

Team CSC urgently needs a co-sponsor. For months now there have been
rumours that the team isn't exactly rich. Apparently the riders will
receive only half of their regular pay until the end of March. But all
those who stayed agreed on the deal. Daily 'HNB' says riders can leave
when they get a better offer. Like Fabrizio Guidi who went to Phonak.

I thought that to be included in the Pro Tour every team had to provide a
bank guarantee of some form that they had a certain amount available? Isn't
that one of the fundamental ideas behind the Pro Tour?

--
Perre
I gave up on SPAM and redirected it to hotmail instead.

Per Elmsäter said:

I thought that to be included in the Pro Tour every team had to provide a
bank guarantee of some form that they had a certain amount available? Isn't
that one of the fundamental ideas behind the Pro Tour?

Maybe for them it was a trade off between fat salary payments, or
running the team like an ambitious pro tour team should be run.

--
Firefox Web Browser - Rediscover the web - http://getffox.com/
Thunderbird E-mail and Newsgroups - http://gettbird.com/

Ewoud Dronkert said:

Per Elmsäter said:

I thought that to be included in the Pro Tour every team had to

provide a

Quoted message said:

Quoted message said:

bank guarantee of some form that they had a certain amount

available? Isn't

Quoted message said:

Quoted message said:

that one of the fundamental ideas behind the Pro Tour?

Maybe for them it was a trade off between fat salary payments, or
running the team like an ambitious pro tour team should be run.

--
Firefox Web Browser - Rediscover the web - http://getffox.com/
Thunderbird E-mail and Newsgroups - http://gettbird.com/

I agree. Bjarne wnats to run a tight ship and it looks like salaries
are where the trimming hits.....

Ewoud Dronkert said:

From Belgian teletext:

Team CSC urgently needs a co-sponsor. For months now there have been
rumours that the team isn't exactly rich. Apparently the riders will
receive only half of their regular pay until the end of March. But

all

Quoted message said:

those who stayed agreed on the deal. Daily 'HNB' says riders can

leave

Quoted message said:

when they get a better offer. Like Fabrizio Guidi who went to Phonak.

Isn't this always the case with them? Two years ago they were riding
the Giro with plain black shorts, essentially saying; "Thsi space for
rent"

Per Elmsäter said:

I thought that to be included in the Pro Tour every team had to provide a
bank guarantee of some form that they had a certain amount available? Isn't
that one of the fundamental ideas behind the Pro Tour?

Usually a bank guarantee means no more than you've given financials to
the bank and a fee based on what they've seen. Doesn't mean that you
have cash, only the expectation of enough cash at each point along the
way. If there was another expected sponsor penciled in and the bank
knows they can go to CSC for the cash if worse comes to worst, then
that would be enough.

I think that the use of the bank guarantee is a last resort and
amounts almost to a formal dissolution of the team. If CSC has a
measure of credibility with the team members, perhaps they have
decided not to do that yet.

Curtis L. Russell
Odenton, MD (USA)
Just someone on two wheels...

I guess if I ever own a team, and I am purporting to sell space on my
jersey and sell the name to a sponsor, I reckon I'll try and collect
the money in advance.

Quoted message said:

I guess if I ever own a team, and I am purporting to sell space on my
jersey and sell the name to a sponsor, I reckon I'll try and collect
the money in advance.

CSC is paying, that's not the problem. They're just not paying enough
for the team to be run the way Riis likes it. They need another sponsor.

--
Firefox Web Browser - Rediscover the web - http://getffox.com/
Thunderbird E-mail and Newsgroups - http://gettbird.com/

Ewoud Dronkert said:

Quoted message said:

I guess if I ever own a team, and I am purporting to sell space on

my

Quoted message said:

Quoted message said:

jersey and sell the name to a sponsor, I reckon I'll try and

collect

Quoted message said:

Quoted message said:

the money in advance.

CSC is paying, that's not the problem. They're just not paying enough
for the team to be run the way Riis likes it. They need another

sponsor.

CSC at least has the integrity to race with blank shorts until they
find a sponsor.

this is better than putting a sponsor's name on the jersey before they
commit and that to attract riders, which is what Linda McCartney/Jaguar
did.

The UCI needs to be more assertive in defining the financial stability
requirements of a team.

<[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

The UCI needs to be more assertive in defining the financial stability
requirements of a team.

The UCI needs to be more [fill in the blank] in defining [fill in the blank]
for the entire Pro Tour.

What I can not understand is how the riders will flip out and go on
strike over the mandatory helmet issue, but do nothing to organize
themselves to make sure that there are adequate measuresin place to
ensure that they get paid. The team owners have areally good thing
going: A peloton that can't get itself together.

ANOTHER reference to Dave Fuentes stealing $5,000.00 USD in July, 2004
at Superweek?

cp