I don't know how it's the UCI's fault something got built on smoke and mirrors.
It is their fault that they've willingly alienated and pushing aside the long-standing but lower-budget teams in favour of these corporate behemoths that last about as long as a corporate representative's whim.
HTC and now Leopard going under. I'm sure that the familiar bogeymen of doping and public perception will be rolled out, but realistically the problem is no national base to energise (or one too small to fund a team of that budget), and an everything now approach, meaning the whole thing is top-heavy, big stars, big budget, no foundation. The whole "no title sponsor" thing ties in with Vaughters' franchise idea, but ultimately the revolution has failed; there is a reason we've had sponsor teams for decades, and it's because that model works. Teams grow and shrink as economic times come and go, but to think that at present you could run a team with that kind of budget without a sponsor, simply on some millionaire's whim, is optimistic. For a short while it's fine, but in the long run, well, people don't get rich by spending money.