Leaked contract shows Manuela Fundación tried to buy Mitchelton-Scott for €7 million

The failed takeover of the Australian squad, now called Team BikeExchange, caused confusion in June last year

Team BikeExchange
(Image credit: Getty)

A leaked contract shines a light on the supposed deal for the Manuel Fundación to take over WorldTour outfit Mitchelton-Scott in June 2020, an episode that caused much confusion across the cycling world.

Revealed to Spanish newspaper Marca, the deal allegedly valued Mitchelton-Scott, now called Team BikeExchange, at €6,980,000, with the Manuela Fundación planning to become the main sponsor and "100%" owner. 

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Hi. I'm Cycling Weekly's Weekend Editor. I like writing offbeat features and eating too much bread when working out on the road at bike races.

Before joining Cycling Weekly I worked at The Tab and I've also written for Vice, Time Out, and worked freelance for The Telegraph (I know, but I needed the money at the time so let me live).

I also worked for ITV Cycling between 2011-2018 on their Tour de France and Vuelta a España coverage. Sometimes I'd be helping the producers make the programme and other times I'd be getting the lunches. Just in case you were wondering - Phil Liggett and Paul Sherwen had the same ham sandwich every day, it was great.