Manuela Fundación leak deal for failed Mitchelton-Scott buy-out

The Manuela Fundacion logo
The Manuela Fundacion logo (Image credit: Manuela Fundacion)

Details of the failed purchase in 2020 of the Australian Mitchelton-Scott WorldTour squad by Spanish NGO Manuela Fundación have been leaked by its management to sports daily Marca, revealing an alleged buy-out price of €7 million.

In June 2020, Manuela Fundación, based in the southern Spanish city of Granada, signed a hugely unexpected deal with Mitchelton-Scott, whose women's and men's teams are now re-badged as Team BikeExchange, to take over the squad mid-season.

Thank you for reading 5 articles in the past 30 days*

Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read any 5 articles for free in each 30-day period, this automatically resets

After your trial you will be billed £4.99 $7.99 €5.99 per month, cancel anytime. Or sign up for one year for just £49 $79 €59

Join now for unlimited access

Try your first month for just £1 / $1 / €1

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.