I'm not sure a 25M black-hole is how Fretz's team manager contact has worded that really. He's saying that Jumbo along with all the other sponsors leaving the team after 2023/2024 means Plugge is looking for a 25M main sponsor. They can take the 25M from Jumbo et al divided into 3 years, so around 8M + Visma Sponsorship in 2024 + Soudal Sponsorship after the merger probably gets them enough to survive once Roglic's 5M transfer comes from wherever he goes. That buys Plugge a year more to sort the finance of the team. I'm not sure where that leaves Soudal, but perhaps the team moves to a SponsorNameHere-Soudal arrangement in 2025?