Cycling: Sky to end team sponsorship after 2019 season [Reuters]
Fox Corporation - Class A (FOXA)
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Source: Reuters
Cycling: Sky to end team sponsorship after 2019 season | Reuters 2 Min Read (Reuters) - The future of Team Sky has been cast into doubt after its owner and sponsor, broadcaster Sky, confirmed it will end involvement in professional cycling after the 2019 season, the British-based outfit said on Wednesday. The decision means the successful team, which has won eight Grand Tours since 2012, will need to begin the search for a another sponsor to provide funding from the beginning of 2020 and continue to compete under a new name. “While Sky will be moving on at the end of next year, the team is open minded about the future and the potential of working with a new partner, should the right opportunity present itself,” Team Sky principal Dave Brailsford said in a statement. “We aren’t finished yet by any means. There is another exciting year of racing ahead of us and we will be doing everything we can to deliver more Team Sky success in 2019.” 21st Century Fox, which owns a minority stake in
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FOXA
Earnings
- 2/7/24 - Beat
FOXA
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- FOXA's page on the SEC website