I'm thrown by frequent references to 'paying agents'. Are these a third entity, separate from the sponsor and the licence holding company, or just a different way of referring to the latter?
We know that, for example, Movistar the telecommunications company has nothing substantive to do with the cycling operations of Abarca Sports (to take an example not involved in this fiasco and where the sports company name is relatively well recognised), and that Enric Mass and his colleagues are employees of Abarca, as were those who had Reynolds, Banesto, Illes Balears or Caisse d'Epargne across their chests: is 'paying agent' another way of referring to Abarca, or are they somehow obliged to involve a third party?