British billionaire Sir Jim Ratcliffe to sponsor Team Sky with bigger budget, according to sources

Sources close to the deal say the new sponsor will be announced before the Giro d'Italia

Team Sky principal Sir Dave Brailsford (Photo: Yuzuru SUNADA)

(Image credit: Yuzuru SUNADA)

British billionaire Sir Jim Ratcliffe will sponsor Team Sky for 2020 and beyond with a bigger budget than before, a source close to the team has said.

The deal will be announced next month before the Giro d'Italia, Cycling Weekly understands.

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Gregor Brown

Gregor Brown is an experienced cycling journalist, based in Florence, Italy. He has covered races all over the world for over a decade - following the Giro, Tour de France, and every major race since 2006. His love of cycling began with freestyle and BMX, before the 1998 Tour de France led him to a deep appreciation of the road racing season.