Saudi Arabian SURJ Sports Investment fund is expected to invest $300 million in a new company that will have many leading teams as shareholders, along with some race organizers.
We've been working on some of the deals that we're close to closing for over 12 months now. We're really excited by the ones that we're very close to announcing.
Information on the One Cycling project has been kept under wraps after teams and race organisers signed legally binding non-disclosure agreements. However, the teams are now bullish that a launch is imminent.
The Escape Collective reported that One Cycling could launch in a matter of weeks and Cyclingnews has heard similar information from several sources.
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