General News Thread

[Unchained]

So... which is it?

Dairyland Dare is a fun ride, comes in different sizes..50k,100k, 150k,200k..don't know if race has different classes, but events that allow E- bikes at the starting line, I often overlook. The other race series I mentioned all require a valid racing license, no E- bikes.

 

[RedheadDane]

Dairyland Dare is a fun ride, comes in different sizes..50k,100k, 150k,200k..don't know if race has different classes, but events that allow E- bikes at the starting line, I often overlook. The other race series I mentioned all require a valid racing license, no E- bikes.

Yeah, but the question was whether it was different or the same as Tour of the Dairyland, and you answered "yes"...

 

[Unchained]

Yeah, but the question was whether it was different or the same as Tour of the Dairyland, and you answered "yes"...

My bad.. Grit and Dairyland are both sanctioned races ,requirements are a racing license and non powered bicycle that complies w rule book definition.
Dairyland Dare is open to all, different lengths as an option, all bicycles are acceptable. Sounds like a fun event

Rouge Roubaix | Home

Experience one of the toughest bike races in the United States. Top cyclists from all over the country converge on the roads of Louisiana for an epic classic.

www.rougeroubaix.com

 

[Samu Cuenca]

I assume Tour of the Dairyland is the same as Tour of America's Dairyland, cause it'd be quite confusing otherwise.

 

[Pannenkooky]

So... which is it?

lol I was gonna ask. They are different based on the link I clicked

 

[Coffeeplanter]

Tour de Femmes is a disgrace, sending these poor women on climbs like these is inhumane. Quite frankly, I reckon this could go down as torture in the court of law. Sickening.

Spoiler

 

[Rob5091]

CN reporting that there's rumors of Ivan Glasenberg buying Pinarello. I had a look at Mr. Glasenberg's past business life (he's now official retired) and to say it's "chequered" is to put it mildly. He has a stake in team Q36.5 and seems to like cycling and triathlons.
More at The UK's Guardian - https://www.theguardian.com/business/2012/dec/02/ivan-glasenberg-neighbours-glencore-tax-windfall

Apparently Mr Glasenberg did buy Pinarello in 2023, and today we have news that his legacy at his old place of employment, Glencore (Marc Rich's b*rsted offspring), has been further sullied with a fine of $152 million by the Swiss Authorities for bribery in the Congo. This brings to about $1.7 billion in fines that Glencore has paid due to "activities" that occured on Mr Glasenberg's watch. Of course Mr Glasenberg is now retired and living la dolce vita on the west bank of Lake Zürich in Rüschlikon.
see https://www.bnnbloomberg.ca/investi...o-pay-150-million-by-swiss-in-criminal-probe/

 

[Rob5091]

Losing the NBA rights is a big hit and by the sounds of it, more mergers or takeovers are in the offering.
https://www.reuters.com/business/me...isses-quarterly-revenue-estimates-2024-08-07/

Warner Bros Discovery (WBD.O) said on Wednesday it wrote down the value of its TV assets due to the uncertainty of fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading.
The film and entertainment studio, which owns sports network TNT and streaming service Max, recorded a $9.1 billion non-cash goodwill charge in the second quarter. This charge, stemming from a reassessment of the assets' value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter. ...Asked whether the company was considering hiving off assets, CFO Gunnar Wiedenfels said on the call: "We've said before, you shouldn't be surprised to see us engaging in you know, whatever M&A processes are going on out there."

TNT failed to renew a broadcast deal with National Basketball Association games, at a time when live sports have become crucial for companies to increase viewership. ... Revenue from advertisements on its direct-to-consumer platforms nearly doubled to $240 million, trouncing Wall Street expectations, due to higher engagement on the Max streaming platform and strong subscriber growth, the company said.

 

[tobydawq]

Losing the NBA rights is a big hit and by the sounds of it, more mergers or takeovers are in the offering.
https://www.reuters.com/business/me...isses-quarterly-revenue-estimates-2024-08-07/

What is the point of this on a cycling forum?

 

[Rob5091]

What is the point of this on a cycling forum?

I believe some people use the Discovery+ and the Max to watch cycling.

 

[RedheadDane]

I believe some people use the Discovery+ and the Max to watch cycling.

But NBA is rather irrelevant for that.

 

[Rob5091]

But NBA is rather irrelevant for that.

Well the NBA deal might well be one of a few reasons that in the near future you might not be watching cycling on the Discovery+ or the Max.

 

[RedheadDane]

Well the NBA deal might well be one of a few reasons that in the near future you might not be watching cycling on the Discovery+ or the Max.

Nothing would prevent them from showing both at the same time.
Also, I have a feeling a small local league like the NBA is only relevant for US viewers.

 

[tobydawq]

Nothing would prevent them from showing both at the same time.
Also, I have a feeling a small local league like the NBA is only relevant for US viewers.

Lol.

 

[RedheadDane]

Lol.

Is the National Baseball - or is it Basketball? - Association really that relevant outside the US?

The first claim is definitely true.

 

[Samu Cuenca]

Is the National Baseball - or is it Basketball? - Association really that relevant outside the US?

The first claim is definitely true.

It's like saying the Tour de France is only being watched by French people.

 

[tobydawq]

Is the National Baseball - or is it Basketball? - Association really that relevant outside the US?

The first claim is definitely true.

You have clearly no idea.

And yes, it's basketball.

 

[RedheadDane]

You have clearly no idea.

And yes, it's basketball.

Well, I sure hope they aren't going to *** over customers for that BS.
Especially since - as already mentioned - there's nothing stopping them from showing both.

 

[Tim Cahill]

Losing the NBA rights is a big hit and by the sounds of it, more mergers or takeovers are in the offering.
https://www.reuters.com/business/me...isses-quarterly-revenue-estimates-2024-08-07/

Dangerous waters for cycling coverage to be honest, I remember when they stuffed up the Turner merger in the 90s and it led to the wrestling getting cancelled. It was on every Friday after 'It's a knockout', then all of a sudden to my horror I'm sat there in confusion watching Fort Boyard instead of Booker T and the lads.

 

[Rob5091]

Well, I sure hope they aren't going to *** over customers for that BS.
Especially since - as already mentioned - there's nothing stopping them from showing both.

The main point of the post was the fact Warner Bros Discovery (thepeople who own discovery+ and Max) have lost the TV rights to show basketball which means a big fall in ads revenue etc and together with an enormous pile of debt and other parts of the company losing money at great speed, things obviously need to be changed. Streaming sports has been the only profitable bit this year, but even so they lost $100 million in the last 3 months.
Normaly bits of the company that can be sold off will be sold, which might well include Max & Discovery+

 

[Izzyeviel]

Interesting tidbit from the Wiggo story on the front page.

“And when I started with Team Sky, as most cyclists, I was self-employed with an image rights company. Towards the end of my tenure with Team Sky, they were involved in a two-year case with HMRC for everyone who worked at Sky to fight whether they were deemed employed by Sky.

Could anyone expand on this bit or explain it further to us simpletons? Are most cyclists really self-employed? I know with WWE, they're independent contractors.

 

[Sciatic]

Interesting tidbit from the Wiggo story on the front page.


Could anyone expand on this bit or explain it further to us simpletons? Are most cyclists really self-employed? I know with WWE, they're independent contractors.

You mean like they’re all registered as a private business as an LLC, LTD, or whatever acronym applies in other countries? Could be, but I’m surprised we’ve never heard more about that?

 

[Rob5091]

You mean like they’re all registered as a private business as an LLC, LTD, or whatever acronym applies in other countries? Could be, but I’m surprised we’ve never heard more about that?

https://velo.outsideonline.com/road/road-racing/how-much-money-do-professional-cyclists-make/
Professional cyclists can choose whether to be self-employed independent contractors, or full-blown employees of a team, effectively choosing between more money in the pocket (self-employed) versus other benefits, like insurance and holidays (employee). In 2021, there’s a minimum salary for male WorldTeam riders of €40,045 (employed) or €65,673 (self-employed).

Professional cycling has a somewhat complicated structure, with several different tiers that in turn inform the minimum wages that riders are entitled to.

 

[Sciatic]

https://velo.outsideonline.com/road/road-racing/how-much-money-do-professional-cyclists-make/
Professional cyclists can choose whether to be self-employed independent contractors, or full-blown employees of a team, effectively choosing between more money in the pocket (self-employed) versus other benefits, like insurance and holidays (employee). In 2021, there’s a minimum salary for male WorldTeam riders of €40,045 (employed) or €65,673 (self-employed).

Professional cycling has a somewhat complicated structure, with several different tiers that in turn inform the minimum wages that riders are entitled to.

Thanks, that’s interesting

 

[Dazed and Confused]

Interesting tidbit from the Wiggo story on the front page.


Could anyone expand on this bit or explain it further to us simpletons? Are most cyclists really self-employed? I know with WWE, they're independent contractors.

There is only one reason why this model exist. Tax avoidance. That kind of scheme benefits both parties.