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Team Ineos Discussion thread

Page 164 - Get up to date with the latest news, scores & standings from the Cycling News Community.
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wansteadimp

Mar 20, 2013
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fmk_RoI said:
The fact that they were in the market for Evenepoel and in the market for Roglič suggests that a budget cut has not been demanded by the Plastic Emperor, who is still getting cheap advertising for his failing Range Rover knock-off.

But with so few win bonuses to pay out they've already had a big budget cut.

Which may hint at why they've chosen to stop publishing their P&L these last two years after having been so transparent for so long. I guess you only brag about the size of your endowment when you've got the biggest endowment in the peloton ;)
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As far as I can tell they've always published the least info they can get away with, when they were in the wider Sky Group which had a plc in it there were no exemptions. The first year of complete ownership by Ineos they hadn't met the small company criteria (and the ability to not file a P&L) for 2 consecutive years which they have now so they don't need to publish the P&L.

The Government has announced changes to the regulations and all companies will have to file P&Ls at some point in the future - date undecided - it won't affect their filings for Dec 23 and probably not Dec 24 either .
 
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wansteadimp

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fmk_RoI said:
In which case, you can't tell well.
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Nice snark - well done.

Incorporation - Dec 2008 - no activity nothing disclosed

Dec 2009 to Dec 2018 - active and owned by BSkyB plc/Sky plc so a member of an ineligible group - no exemptions available - everything has to be disclosed

Dec 2019 - was owned by a plc for part of the year so still a member of an ineligible group - still exemptions available - everything disclosed

Dec 2020 - small company for the year, balance sheet total under £5.1m or euro equivalent (€3.3m) and employee number under 50 (39 employees) - don't get exemptions until you have qualified for two years (they breached 2 of the thresholds in 2019 - gross assets €7.3m turnover €50.1m - threshold euro equivalent of £10.2m)

Dec 2021 - small company - balance sheet €4.5m number of employees 40 - qualified as a small company for 2 consecutive years - takes full exemptions - limited disclosure

Dec 2022 - small company (maybe) - balance sheet breaches the threshold €6.4 million, employees 36 - no vision of turnover. In any case you have to be non-small for 2 consecutive years to fail to get the exemptions. Minimum disclosed.

So which year were they over disclosing information in their published accounts???
 
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Tim Cahill

May 6, 2021
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Not much time for Ellingworth but I notice Hammond has also gone.

It was slim pickings for us lot in the early-mid 2000s, Boardman, who I had a lot of time for had retired and MIllar was a bit of a n*b.

I'll always remember trying to pick out Roger in the bunch during the classics, he was a really strong rider but never had the level of the very top guys. Always thought maybe if he can get away, if the others look at each other, maybe with a bit more luck he can finally get the big win. It's the hope that kills you and he never quite got there but they were great times. The dominance since then always seemed a bit hollow, but when Ian Stannard beat QS in 2015 for some reason it felt really cathartic to me, like he'd got revenge for Hammond or something. Fred Wright nowadays seems like their natural successor.
 
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Rob5091

Rob5091

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Trouble at mill? (as Monty Python would say)
"Elllingworth's departure hasn't yet been communicated to the team's riders, The Daily Telegraph said, while the reasoning for him perhaps stepping away from his role is also unclear at this stage.
Roger Hammond no longer Head of Racing"
So if Sir Dave is off to Old Trafford and Man Utd soccer team, who's left to steer the ship? Has someone made Ellingworth a big offer maybe?
 
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theyoungest

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Rob5091 said:
Trouble at mill? (as Monty Python would say)
"Elllingworth's departure hasn't yet been communicated to the team's riders, The Daily Telegraph said, while the reasoning for him perhaps stepping away from his role is also unclear at this stage.
Roger Hammond no longer Head of Racing"
So if Sir Dave is off to Old Trafford and Man Utd soccer team, who's left to steer the ship? Has someone made Ellingworth a big offer maybe?
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Erik ten Hag will soon be available.
 
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postmanhat

postmanhat

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Izzyeviel said:
I can't believe the bloke who wanted to trade Foss and Verona for Carlos has gone.

Shocked even
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:D

He does seem to have made a pig's ear of transfer dealings in the last two seasons. Carapaz and Yates gone last year, and 2023's exodus has apparently resulted in a net loss of 2,300 PCS points. I wonder how much of this is related to Tim Kerrison leaving at the end of 2021, and riders possibly losing faith in the coaching/management team?
 
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Sciatic

Mar 4, 2011
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Tim Cahill said:
Not much time for Ellingworth but I notice Hammond has also gone.

It was slim pickings for us lot in the early-mid 2000s, Boardman, who I had a lot of time for had retired and MIllar was a bit of a n*b.

I'll always remember trying to pick out Roger in the bunch during the classics, he was a really strong rider but never had the level of the very top guys. Always thought maybe if he can get away, if the others look at each other, maybe with a bit more luck he can finally get the big win. It's the hope that kills you and he never quite got there but they were great times. The dominance since then always seemed a bit hollow, but when Ian Stannard beat QS in 2015 for some reason it felt really cathartic to me, like he'd got revenge for Hammond or something. Fred Wright nowadays seems like their natural successor.
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Nice writing!
 
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Wyndbrook

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Maybe it's the difference between a number number two and a number one in a job.
Many have and will fail in that situation.
Likewise for Hammond, everything I've head about him as a DS was always very positive
Like Tim Cahill he was always a bit of hero to me, from getting lapped by him in a local cross race to his win at the world's juniors and onto Roubaix. Maybe born 10 years too early.
 
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samhocking

Mar 13, 2013
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staubsauger said:
Ellingworth already was a catastrophe as a team principal at Bahrain. Don't really see his departure as a loss.
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I'd say that was more to do with McLaren's mess than the short time Ellingworth was there as manager. Bahrain heaped a lot of praise on Ellingworth when he left saying he turned the team around in terms of setting it up to run more professionally with performance management side clearly he was hired to add to the team and they had a lot of success with it too compared to previously. I mean he got Landa to within touching distance of Le Tour's podium, (again) nobody else ever has afaik?
Be interesting where he goes next although wouldn't surprise me if he takes a role related to Olympics somewhere.
 
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