Bigla-Katusha use bank guarantee to make April wage payments

Bigla-Katusha in action at the Omloop van het Hageland (Image credit: Getty Images)

The Bigla-Katusha team have issued an update on their financial situation, stating that rider and staff wages for April have been paid in full after both title sponsors abruptly withdrew funding last month.

The team have worked with the UCI and Swiss Cycling in order to unlock a bank guarantee – a pre-season deposit consisting of 25 per cent of the team's payroll which can be accessed in times of financial difficulty – and make up the payment shortfall.

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