Bradley Wiggins liquidates third company with £141,000 debts
News follows October liquidation of two other companies with debts of over £1 million
Bradley Wiggins has placed a third company into liquidation with debt of £141,000 following the liquidation of two other companies back in late October.
The 2012 Tour de France winner has wound up a company named 101 Ride Limited, of which the sole director is his estranged wife Catherine Wiggins. It's not clear what purpose the company served within Wiggins' stable of businesses.
A report by CyclingWeekly found that the company owed £51,000 to solicitors Bray and Crais and £90,000 to marketing firm SponsorCom Limited, according to a statement of affairs filed at Companies House.
In October, Wiggins liquidated Wiggins Rights Ltd, set up to "exploit Wiggins' name and image rights", with debts of £650,000, and New Team Cycling Ltd, which owned and managed Team Wiggins, with debts of £578,008.
Those owed by the two companies include bike company Pinarello and sports management company Trinity, which manages Tom Pidcock, among others.
The two companies were both wound up after the closure of Team Wiggins at the end of 2019 after five years in the peloton. Wiggins himself rode for the team for the final two seasons of his career in the run-up to the 2016 Olympics, where he won gold in the team pursuit, the fifth of his career.
Team Wiggins brought through a number of British talents, including Owain Doull, James Knox, Chris Lawless and Tom Pidcock, taking part in races such as the Tour of Britain and Tour of California along the way.
Get The Leadout Newsletter
The latest race content, interviews, features, reviews and expert buying guides, direct to your inbox!
A spokesperson for Wiggins declined to comment on the liquidation of 101 Ride Limited to CyclingWeekly. Back in October, a spokesperson said that "Bradley's involvement in the companies was not day to day" and that "this in no way affects Bradley's personal solvency."
In July, the British High Court dismissed a bankruptcy petition request brought against Wiggins by HMRC. In a five-minute hearing, judge Daniel Schaffer explained that Wiggins’ lawyers had met representatives from HMRC to come up with a solution.
Cyclingnews is the world's leader in English-language coverage of professional cycling. Started in 1995 by University of Newcastle professor Bill Mitchell, the site was one of the first to provide breaking news and results over the internet in English. The site was purchased by Knapp Communications in 1999, and owner Gerard Knapp built it into the definitive voice of pro cycling. Since then, major publishing house Future PLC has owned the site and expanded it to include top features, news, results, photos and tech reporting. The site continues to be the most comprehensive and authoritative English voice in professional cycling.