Ineos expected to be confirmed as new Team Sky backer in coming days

Geraint Thomas and Team Sky at Valenciana

Ineos is expected to be confirmed as the new sponsor of Team Sky within the next 48 hours, according to a report in the Daily Mail on Monday. The petrochemical company is owned by Britain's richest man, Jim Ratcliffe. Last week, Cyclingnews reported that the team's future had been assured for 2020 and that Ineos was manager Dave Brailsford's preferred option. The Briton had also held talks in Colombia recently regarding possible backing from state-controlled oil and gas company Ecopetrol. According to the Guardian , the budget of Team Ineos will be close to £40 million and thus exceed that of Team Sky, meaning that the squad will likely be in a position to retain a roster that includes Tour de France champion Geraint Thomas, four-time Tour winner Chris Froome and the emerging Egan Bernal. Sky announced its decision to end its backing of the team in December of last ...

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