Latest Sports Breaking News
July 1, 2022
Platform Media launch Stelvio magazine and digital platform
A new print and digital offering for the road cycling market has launched under the Stelvio banner, as fronted by cycling journalist and author, Jeremy Whittle. The first issue landed earlier this month, delivering 132-pages with an emphasis on the 2022 Tour de France that just kicked off. Published by...
July 1, 2022
Too much inventory and debt forcing owners of Saris Cycling Group to sell the company
Saris Cycling Group has filed an alternative to bankruptcy that consolidates its debt, keeps its 132 employees in place but which will likely lead to the sale of the company in the next two months, according to Michael S. Polsky, a Milwaukee lawyer, who is acting as the court-appointed receiver...
June 30, 2022
Kaitlin Armstrong, wanted for murder of Moriah Wilson, apprehended in Costa Rica
Kaitlin Armstrong, the Texas woman wanted in the shooting death of Moriah Wilson, is now in police custody. U.S. Marshals officials confirmed to VeloNews that Armstrong was apprehended by authorities in Costa Rica overnight. Velo News
June 30, 2022
Saris Cycling Group to be sold as Covid whiplash effect mirrors Peloton
The Saris Cycling Group is set to restructure its business having suffered a similar spike and dive in demand to that which is widely reported to have caused Peloton problems. Peloton is likewise now rumoured for sale. The indoor trainer market was at the front of the pack when sales...
June 29, 2022
Strava data on Le Tour pro riders’ training shows at least 15,000km covered since January
As an official ride partner for this year’s Tour de France and Tour de France Femmes avec Zwift, Strava has published exclusive data. This reveals that pro cyclists have individually covered at least 15,000km in distance while training for the race since January – the equivalent of cycling from the...
June 28, 2022
Big Gear Show owners plan Denver e-bike show for 2023
Lost Paddle Events, which owns the Big Gear Show, is planning a June 2023 e-bike show that may be the first national trade show for the e-bike segment in the U.S. The show is called (e)revolution and will be held June 8-11 at Denver's Colorado Convention Center. It will include two...
June 27, 2022
Nike Q4 Beats Analyst Expectations Despite Russia Exit, China Pressures
Revenues in Q4 were down 1% to $12.2 billion compared to the prior year, with net income down 5% to $1.4 billion, or 91 cents per share. The Beaverton, Ore.-based company attributed approximately $150 million in expenses in the quarter associated with closing its Russian operations, and the transition of...
June 26, 2022
4,400 road signs, 1,800 balance bikes, 100 percent carbon offset: The numbers behind the 2022 Tour de France
The recently published “Key figures for the 2022 Tour de France” factsheet sheds light on the operational, commercial, and increasingly sustainable beast that is the Grande Boucle. A small army of security and safety officials governs nearly 3,400km of race route. More than 4,000 bright yellow signs point the peloton...
June 24, 2022
The prize money of the Tour de France: Who earns what?
This year’s race sees a total money pot of €2,288,450 ($2.4m) being split between the various classification winners, stage victors, team prizes, intermediate sprints, and the rider who crosses the Tour de France’s highest peak first. Velo News
June 23, 2022
Bicycle insurance company Laka receives investment from Porsche Ventures
Laka has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG. This brings its Series A, led by Autotech Ventures and followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon, and ABN AMRO, to $13.5 million. bikebiz