Team Ineos Discussion thread

[wansteadimp]

A bigger question is why are the team of marginal gains and innovation still paper filing their accounts and not e-filing?

 

[awavey]

A bigger question is why are the team of marginal gains and innovation still paper filing their accounts and not e-filing?

Because they keep losing their laptops

 

[pastronef]

probably they are waiting for the last WT race of the season to finish (Oct 17 last Guangxi stage) then Ineos will announce its 2024 team. but I have a feeling they are still (desperately and unsuccessfully) trying to get Remco. the buyout clause would assure SoudalQuickstep a few millions for their 2024-25 budget. cause like it or not Bakala and Soudal will not be that keeon to keep going further than 2 years nor splashing that much more money after the merger fiasco and the facepalm stuff that happened

 

[samhocking]

have they ever claimed there would be full transparency on their financials ? it obviously meets their obligations to companies house accounting rules, and is probably identical to the vast majority of filings you find for other companies on there.

Look like standard <50 employee small business accounts to me. UK Government changed the auditing requirements in 2015 and back then the expected 60-90% of eligible companies to file accounts that way. It saves money and time so any accountant advising more auditing and red tape while not taking advantage of the cost savings would be an unusual accounting practice imo. Extends to <500 employees and eventually <1000 I believe because the <50 limit was EU set.

 

[wansteadimp]

Look like standard <50 employee small business accounts to me. UK Government changed the auditing requirements in 2015 and back then the expected 60-90% of eligible companies to file accounts that way. It saves money and time so any accountant advising more auditing and red tape while not taking advantage of the cost savings would be an unusual accounting practice imo. Extends to <500 employees and eventually <1000 I believe because the <50 limit was EU set.

Its a two of three test - Turnover greater than £10.2m, Gross Assets great than £5.1m and Employees greater than 50.

Those tests work for audits and small company exemptions. So Tour Racing Limited qualifies for small companies exemption and audit exemption on its own numbers.

However, the larger Ineos Group is a "large group" all companies together breaching the thresholds which means all companies in the group need an audit which means Tour Racing Ltd needs an audit but still qualifies for the small company exemptions. The details of the audit are top of page 2 of the accounts available from Companies House.

There is still a requirement to prepare the full accounts (the tax man insists on them) so there is no saving on costs - just a restriction on what gets put in the public domain.

 

[JRanton]

probably they are waiting for the last WT race of the season to finish (Oct 17 last Guangxi stage) then Ineos will announce its 2024 team. but I have a feeling they are still (desperately and unsuccessfully) trying to get Remco. the buyout clause would assure SoudalQuickstep a few millions for their 2024-25 budget. cause like it or not Bakala and Soudal will not be that keeon to keep going further than 2 years nor splashing that much more money after the merger fiasco and the facepalm stuff that happened

I think any small hope of getting Remco died when the merger collapsed. Ultimately Ineos will likely have to create their own Grand Tour contender in the next few years, whether that’s further development from someone already on the roster like Carlos Rodriguez or a new freak talent from the juniors. They also need to do a lot of work on diet, nutrition and training to close the gap on Jumbo.

 

[Rob5091]

PCS is still showing 15 guys for next year, but there's at least Rodriguez and Thomas we can add on to that and De Plus, Rowe & Puccio, but that still leaves them 7 guys short.
(Edit - of course Foss is supposed to be at Ineos next year so 6 short)
(Edit- number 2 - Oscar Rodriguez is another newbie but Plapp is off to Jayco)

DS Tosatto is also on his way out of the door to Tudor -
https://cyclinguptodate.com/cycling...-ds-matteo-tosatto-heads-to-tudor-pro-cycling

 

[Aimar16]

Chemicals company Ineos Quattro is set to hold a credit update call as its billionaire owner Jim Ratcliffe is said to be a frontrunner for the purchase of a minority stake in storied English football club Manchester United.

Ineos to Hold Investor Call as Owner Plans Manchester United Bid

Chemicals company Ineos Quattro is set to hold a credit update call as its billionaire owner Jim Ratcliffe is said to be a frontrunner for the purchase of a minority stake in storied English football club Manchester United.

www.bloomberg.com

 

[JRanton]

Might be an announcement later today on the 2024 squad…

 

[Rob5091]

Might be an announcement later today on the 2024 squad…

If I remember correctly the 19th October was the deadline for team rosters to the UCI.

 

[fmk_RoI]

If I remember correctly the 19th October was the deadline for team rosters to the UCI.

You remember wrong. Transfer deadline day is December 31st.

 

[Rob5091]

You remember wrong. Transfer deadline day is December 31st.

Thanks for the info- today was the UCI team licences announcement.

 

[JRanton]

You remember wrong. Transfer deadline day is December 31st.

From what I’ve read in the UCI regulations, December 1st seems to be the key date because a World Tour team must have sent a minimum of 27 rider contracts to the UCI by that date.

If a rider is a free agent then you‘re able to sign them at any time of the year. December 31st deadline is only for a rider under contract switching teams.

 

[JRanton]

Might be an announcement later today on the 2024 squad…

So much for that. The wait goes on. They must still be finalising some contracts…

 

[fmk_RoI]

today was the UCI team licences announcement.

I wish I'd known that. Oh hang on a minute, I already did.

 

[wansteadimp]

I wish I'd known that. Oh hang on a minute, I already did.

Thanks for being so perfect - it sets the standard the rest of us have to aspire to.

 

[fmk_RoI]

Thanks for being so perfect - it sets the standard the rest of us have to aspire to.

Try harder.

 

[BigCoward]

Rodriguez signs for 4 years, I thought he was off.
So they have a big stable of top 5 contenders, but nobody who can win a grand tour (GT missed the boat, last year was his best chance) unless Bernal comes back better than before, or Pidcock/Rodriguez takes a big step forward.

Or SDB works his magic and the forum implodes.

 

[Rob5091]

Rodriguez signs for 4 years, I thought he was off.
So they have a big stable of top 5 contenders, but nobody who can win a grand tour (GT missed the boat, last year was his best chance) unless Bernal comes back better than before, or Pidcock/Rodriguez takes a big step forward.

Or SDB works his magic and the forum implodes.

4 years - I hope he got a good pay rise as he's their number 1 hope for the Tour.

Rumour has it SDB is going back to Manchester, not to look after the cycling guys and girls, but to help United soccer team.

 

[Mayomaniac]

4 years - I hope he got a good pay rise as he's their number 1 hope for the Tour.

Rumour has it SDB is going back to Manchester, not to look after the cycling guys and girls, but to help United soccer team.

Yeah, that would be an even bigger challenge.


I can't see Pidcock trying to go all in on being a gc rider until after the Olympics.

 

[Wyndbrook]

Yeah, that would be an even bigger challenge.


I can't see Pidcock trying to go all in on being a gc rider until after the Olympics.

No plan until after the Olympics, riding tour next year because its a team priority.

Recent interview on redbull he suggested he would be happy just being a mountain biker

 

[red_flanders]

No plan until after the Olympics, riding tour next year because its a team priority.

Recent interview on redbull he suggested he would be happy just being a mountain biker

It's a heck of a lot more fun, and he does...pretty well in that discipline!

 

[Bolder]

Rodriguez signs for 4 years, I thought he was off.
So they have a big stable of top 5 contenders, but nobody who can win a grand tour (GT missed the boat, last year was his best chance) unless Bernal comes back better than before, or Pidcock/Rodriguez takes a big step forward.

Or SDB works his magic and the forum implodes.

If you have enough contenders one is likely to win now and again just by virtue of being in the right place at the right time.

CRod looked very comfortable winning the Morzine stage in the Tour. Hopefully he builds on that.

Had he gone to Movistar I think his career might have stalled.

I'm not sure we'll ever see Pidcock's true GT potential realized. There's always going to be a distraction like the OG mtb, CX or classics. So CRod is probably Ineos's best chance to podium the Tour in the next 3 years.

 

[Axel Hangleck]

No plan until after the Olympics, riding tour next year because its a team priority.

Recent interview on redbull he suggested he would be happy just being a mountain biker

Maybe if the UCI had paid more attention there would be more top level races, and more money in the sport.....Can't blame riders taking offers from World Tour teams....

(Sorry for off topic rant)

 

[Netserk]

So they have a big stable of top 5 contenders, but nobody who can win a grand tour (GT missed the boat, last year was his best chance)

I don't think there's any good reason to write off Thomas. He's my favourite to win the Giro next year.