Manuela Fundación offer €10 million for Mitchelton-Scott WorldTour licence

Mitchelton-Scott at the 2019 Tour of Guangxi
Mitchelton-Scott (Image credit: Getty Images)

The Spanish not-for-profit association Manuela Fundación has reportedly made an offer to Mitchelton-Scott owner Gerry Ryan to buy the team's WorldTour licence for €10 million.

According to Spanish newspaper AS, the offer was sent by email to Gerry Ryan on Thursday. The deal apparently includes the Manuela Fundación covering staff and rider wages for 2020, as well as the WorldTour licence itself.

Alasdair Fotheringham

Alasdair Fotheringham has been reporting on cycling since 1991. He has covered every Tour de France since 1992 bar one, as well as numerous other bike races of all shapes and sizes, ranging from the Olympic Games in 2008 to the now sadly defunct Subida a Urkiola hill climb in Spain. As well as working for Cyclingnews, he has also written for The IndependentThe GuardianProCycling, The Express and Reuters.