Jumbo - QuickStep merger

[ManicJack]

Lol, these are huge companies that try to merge in 3-4 months. It’s surprising that it’ll go this quickly

They are not huge companies. Give me a break.

 

[Oldermanish]

huh?

so Remco could in theory stay with Lefevre?

In a rare moment of loyalty to a rider that saved his team's season; Patrick will treat Alaphillippe with respect in public.

 

[theyoungest]

They are not huge companies. Give me a break.

Maybe they should hire you

 

[ManicJack]

Maybe they should hire you

They are small businesses by nearly any sense of the word.

 

[joseph89]

Janus Smalbraak, CEO of PON, is reportedly not amused by Specialized's 'burglary'.

https://www.knack.be/sport/wielrennen/quick-step-bevestigt-wij-willen-hoofdsponsor-blijven-maar-van-welke-ploeg/

 

[Berniece]

They are not huge companies. Give me a break.

They both have around 100 people? Huge is exaggerated, but still to start talking in July and merge in October is very quickly.

 

[jmdirt]

Difference being Pog and Vingo have each won two TdF and Rog multiple GT's. Remco one unimpressive Vuelta

No such thing...

 

[pman]

Yeah, because otherwise Roglic is known for his huge attacks...

I was talking about winning the Vuelta overall, by the way. Clearly Vingegaard could have won it just as much as Roglic did. But the Vingo fans didn't really complain about that, AFAIK. Or not nearly as often.


You have to know a bit who the real insiders are. Bruyneel is not. He's just filling up a podcast.

To be fair to Roglic, only the most hardened fans of Vingegaard would complain after being given first and only priorioty at the Tour. If I am the "Giro" rider, I am much more annoyed about not being given the green light at the Vuelta than the Tour rider who was just given a chance at the season's biggest prize.

 

[Boehmand]

They both have around 100 people? Huge is exaggerated, but still to start talking in July and merge in October is very quickly.

By the standard business definition in the EU, a company with less than 250 employees is defined as "SME" (Small and Medium Enterprises).

Micro is defined as up to 10 employees.
Small is defined as up to 50 employees.
Medium is defined as up to 250 employees.
Large is defined as over 250 employees.

"Huge" indicates something that is even larger than "large"

 

[Boehmand]

They are small businesses by nearly any sense of the word.

"Medium" businesses rather

 

[Berniece]

By the standard business definition in the EU, a company with less than 250 employees is defined as "SME" (Small and Medium Enterprises).

Micro is defined as up to 10 employees.
Small is defined as up to 50 employees.
Medium is defined as up to 250 employees.
Large is defined as over 250 employees.

"Huge" indicates something that is even larger than "large"

Like I said, huge was an exaggeration. But still merging two such companies takes a lot of time. People are pretending these things can be hatched out in 2 weeks.

 

[TrekCyclist]

To be fair to Roglic, only the most hardened fans of Vingegaard would complain after being given first and only priorioty at the Tour. If I am the "Giro" rider, I am much more annoyed about not being given the green light at the Vuelta than the Tour rider who was just given a chance at the season's biggest prize.

Roglic had been given his chances at TdF 20 and 21 by JV. But given his ambitions (I guess another Vuelta is not at the very top of his list, anyway) it makes sense for Roglic to move on. Bora seems not a bad choice

 

[Eddy Evenepoel]

You have to know a bit who the real insiders are. Bruyneel is not. He's just filling up a podcast.

Even “the real insider” have ofte only inside information and connections to one or a couple of good sources.

I think it’s obvious that Bruyneel have some good connections in the camp around Remco and that he knows a lot of people that are very much in the know of Belgium cycling. Then of course there are other things he doesn’t have any information about and have to just guess.

 

[Oldermanish]

They both have around 100 people? Huge is exaggerated, but still to start talking in July and merge in October is very quickly.

It is considering most of their "employees" are highly volatile athletes on contracts that could allow them to go anywhere. Those that aren't secure have to be absolutely enraged that they are likely past an opportunity to really choose another team as well. They'll be stuck with a role on a B team or unemployed.
The sponsors should be wondering what the f*ck they're getting into at this point.

 

[ManicJack]

Like I said, huge was an exaggeration. But still merging two such companies takes a lot of time. People are pretending these things can be hatched out in 2 weeks.

They are not that complicated of a business infrastructure. Virtually no assets. Once an agreement is reached (which it may or may not be yet, most likely not), it would take the new company longer to design logos and find a contractor to rewrap all vehicles and resign buildings than it would for attorneys to draw up paperwork for the merger.

 

[jmdirt]

In any other area of business, the purchase (or merger) of a company will usually include a non-compete clause for those selling/swapping their shares.

I would be greatly surprised if that was not also the case here, but then this IS cycling after all

PL is doing neither.

 

[Berniece]

They are not that complicated of a business infrastructure. Virtually no assets. Once an agreement is reached (which it may or may not be yet, most likely not), it would take the new company longer to design logos and find a contractor to rewrap all vehicles and resign buildings than it would for attorneys to draw up paperwork for the merger.

Reaching an agreement takes time, and on top of that Lefevere said (jokingly) that there were meetings with so many lawyers and counselors that he couldn't think about an merger anymore but about who was going to pay all these guys.

When you have such an amount of people working on it you can imagine that it's a complex case, and thus takes time.

 

[Carrick-On-Seine]

Please tell me who the real insiders are oh wise one. 🙄

It's obvious. The Aussie corporate lawyer from Lantern Rouge.

 

[noob]

Neither of them have any insight in Jumbo's finances. Why would they?

Insights no, but Patrick is speaking about his boss. It's been more apparent this season that he isn't neutral anymore even if he still says he is and has a clause in his contract stating he's allowed to it. But generally it seems he doesn't want to bite the hand that feeds him. So what is he doing now then. Painting his boss as an inconsiderate a-hole? 😉 Maybe if he's getting fired or terminating his contract too but otherwise

 

[Boehmand]

Like I said, huge was an exaggeration. But still merging two such companies takes a lot of time. People are pretending these things can be hatched out in 2 weeks.

When the two companies are close to identical, it's probably not a hard transition.

Some things the new organisation has to grow into, as everyone is getting new colleagues, but the actual proces of merging shouldn't be too complicated.

 

[Boehmand]

PL is doing neither.

How would you know?

Obviously you don't buy a business off a guy, without ensuring he doesn't take key staff and most of the goodwill, and sets up a competing shop next door the very next day.

A non-compete clause is pretty standard when purchasing or merging businesses.

 

[Lequack]

Primož Roglič signs two-year deal with Bora-Hansgrohe

Primož Roglič signs two-year deal with Bora-Hansgrohe

Contract agreed as Slovenian joins German team for 2024

www.globalcyclingnetwork.com

Strange that it's only 2 years and not 3 as some have said. Even Froome got a 5 year contract.

 

[Samu Cuenca]

Primož Roglič signs two-year deal with Bora-Hansgrohe

Primož Roglič signs two-year deal with Bora-Hansgrohe

Contract agreed as Slovenian joins German team for 2024

www.globalcyclingnetwork.com

Strange that it's only 2 years and not 3 as some have said. Even Froome got a 5 year contract.

Maybe they've done a reverse Jumbo and will now pay him the 18 million or whatever it is spread out over 2 seasons instead of 3?

 

[theyoungest]

Even “the real insider” have ofte only inside information and connections to one or a couple of good sources.

I think it’s obvious that Bruyneel have some good connections in the camp around Remco and that he knows a lot of people that are very much in the know of Belgium cycling. Then of course there are other things he doesn’t have any information about and have to just guess.

Tell me, since I don't really follow his podcast but only hear the "news" coming out of it, has he been right about anything so far? I mean real scoops, not the obvious stuff that anyone can see.

Why would Johan Bruyneel have connections with the Remco camp? Other than being Belgian as well, what would be their link?

They are not that complicated of a business infrastructure. Virtually no assets. Once an agreement is reached (which it may or may not be yet, most likely not), it would take the new company longer to design logos and find a contractor to rewrap all vehicles and resign buildings than it would for attorneys to draw up paperwork for the merger.

But it's not really a merger. It's the owner of one team wanting to move to another team, plus the title sponsor, plus the bike sponsor, plus a few riders. If the two teams would really merge that wouldn't be as complicated, I agree.

 

[Lequack]

Why don't Ineos just sign Nairo Quintana?