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How Jonathan Vaughters brought Slipstream Sports back from the brink
Archived series ("iTunes Redirect" status)
Replaced by: The Cycling News Podcast
When? This feed was archived on January 19, 2018 10:56 (). Last successful fetch was on January 18, 2018 14:02 ()
Why? iTunes Redirect status. The feed contained an iTunes new feed tag.
What now? If you were subscribed to this series when it was replaced, you will now be subscribed to the replacement series. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 190815427 series 67197
At the end of August Cannondale Drapac were plunged into difficulty when a major potential sponsor pulled away from negotiation. The American team, run by Jonathan Vaughters, were left with a $7,000,000 shortfall and quickly told their riders and staff that if a new sponsor could not be secured then the team would almost certainly fold.
With just a fortnight to save the team a crowd-funding operation was set up, and over $500,000 raised from fan donations. At the same time Vaughters embarked on a risky, and somewhat controversial gamble, signing star rider Rigoberto Uran to a three-year deal despite not having the long-term funds yet in place.
With just days to spare, a potential buy out from another party on the table, and riders jumping ship, the Slipstream Sports operation was saved when Vaughters signed EF Education First as a title sponsor.
In this exclusive podcast interview Vaughters talks candidly about the brinksmanship involved, the high risks stakes, how the support from the Argyle fans spurred him on, the comprises he had to make, and what the future looks like for EF Education First - Drapac powered by Cannondale.
186 episodes
Archived series ("iTunes Redirect" status)
Replaced by: The Cycling News Podcast
When? This feed was archived on January 19, 2018 10:56 (). Last successful fetch was on January 18, 2018 14:02 ()
Why? iTunes Redirect status. The feed contained an iTunes new feed tag.
What now? If you were subscribed to this series when it was replaced, you will now be subscribed to the replacement series. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 190815427 series 67197
At the end of August Cannondale Drapac were plunged into difficulty when a major potential sponsor pulled away from negotiation. The American team, run by Jonathan Vaughters, were left with a $7,000,000 shortfall and quickly told their riders and staff that if a new sponsor could not be secured then the team would almost certainly fold.
With just a fortnight to save the team a crowd-funding operation was set up, and over $500,000 raised from fan donations. At the same time Vaughters embarked on a risky, and somewhat controversial gamble, signing star rider Rigoberto Uran to a three-year deal despite not having the long-term funds yet in place.
With just days to spare, a potential buy out from another party on the table, and riders jumping ship, the Slipstream Sports operation was saved when Vaughters signed EF Education First as a title sponsor.
In this exclusive podcast interview Vaughters talks candidly about the brinksmanship involved, the high risks stakes, how the support from the Argyle fans spurred him on, the comprises he had to make, and what the future looks like for EF Education First - Drapac powered by Cannondale.
186 episodes
All episodes
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