Have been reading some of JV's twitter account this morning.
He was talking to some people about cycling and pro tour races etc. Talking about why UK has no protour events etc
From a lot of what JV is saying, it seems that to promote/start up the Tour of Beijing, the GCP (Global Cycling Promotion?) borrowed €445,000 from a fund set up and contributed to by teams who entered the pro-tour when it was set up in 2004.
But they will repay it
He was talking to some people about cycling and pro tour races etc. Talking about why UK has no protour events etc
Jonathan Vaughters
Beijing has Govn't funding, not dependent on sponsorship. Less fickle market regarding doping issues
11 Oct
Inner Ring
it's also got €445,000 Euros siphoned from the Pro Tour fund. ToC doesn't get that.
Jonathan Vaughters
Yes, and @alainrumpf knows that ain't cool. But, he has promised to refund with interest.
Scott O'Raw
Where has Rumpf said that?!
Jonathan Vaughters
To me, privately. He used the startup $$ for GCP w/o consent of teams, but has promised to repay.
From a lot of what JV is saying, it seems that to promote/start up the Tour of Beijing, the GCP (Global Cycling Promotion?) borrowed €445,000 from a fund set up and contributed to by teams who entered the pro-tour when it was set up in 2004.
But they will repay it