IAM Cycling team doubles budget to join WorldTour

Swiss team IAM Cycling boosts budget as it is handed a WorldTour licence for 2015

Sylvain Chavanel wins GP Plouay 2014

(Image credit: Graham Watson)

Switzerland's IAM Cycling team will nearly double its budget to join the WorldTour in 2015, something the team owner Michel Thétaz considers a "success."

"2014 still not finished, but our budget was around €10m [£7.9]," Thétaz told Cycling Weekly. "It will be from 10 to 15m [£7.9-11.8m] in 2015 depending on how well the team does."

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