Mitchelton-Scott to quit Velon

Vuelta Espana 2020 - 75th Edition - 10th stage Castro Urdiales - Suances 185 km - 30/10/2020 - Mitchelton - Scott - photo Luis Angel Gomez/BettiniPhoto©2020
Mitchelton-Scott at the 2020 Vuelta a Espana (Image credit: Bettini Photo)

Mitchelton-Scott have informed Velon, the business group that represents several major WorldTour teams, that they will no longer invest in the company and have started proceedings to remove their shares from the group. 

The news means that the entity founded in 2014 to help promote teams and generate new revenue streams via rider data, video content and race participation fees, as well as races such as the troubled Hammer Series, has lost vital backing from one of their founding partners.

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