Top American Tour de France team says it'll have to shut down if it doesn't find $7 million in the next week
Business Insider -

Daniel McMahon/Business Insider

The most popular American cycling team, Cannondale-Drapac, was dealt a blow late last week when a promising sponsorship deal for 2018 fell apart, team boss Jonathan Vaughters has told Business Insider.

As a result, Vaughters says, the team is $7 million short for next year and will have to shut down in the next week or so unless it quickly finds a new sponsor or moneyed backer.

While the team is currently racing in the Vuelta a España and set to finish this season...

Loading...

Related Articles