Who's saying they're putting up more money? Plugge is out of time. It's a salvage operation to make sure they have a team next year after the merger failed (that's what it certainly appears like from the outside).
They might try to spin this as positive news but it's a total clusterf*ck.
Brother if they don't put up more money JV literally can't pay their riders. Jumbo is a 10M gap. Someone has to. Obviously they will put more money in (maybe not 10M, but definitely more if they are becoming a namesponsor). My guess is that Plugge was looking for a way bigger sponsor, didn't find them so they went to PON who was probably already wanting to put up that money (but not more). That's a guess ofcourse.