Oleg Tinkov made £17million offer to Sir Dave Brailsford to take over Team Sky, according to reports

The Russian tycoon is believed to have approached the British team with the intention of returning to cycling

Oleg Tinkov and Dave Brailsford at the 2016 Tour de France

(Image credit: Graham Watson)

Russian billionaire Oleg Tinkov reportedly made a £17million offer to Sir Dave Brailsford to take over Team Sky.

Tinkov, a former team boss who left cycling in 2016, is believed to have offered to run the British WorldTour outfit, with the condition that he would be responsible for the structure.

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Alex Ballinger

Alex Ballinger is editor of BikeBiz magazine, the leading publication for the UK cycle industry, and is the former digital news editor for CyclingWeekly.com. After gaining experience in local newsrooms, national newspapers and in digital journalism, Alex found his calling in cycling, first as a reporter, then as news editor responsible for Cycling Weekly's online news output, and now as the editor of BikeBiz. Since pro cycling first captured his heart during the 2010 Tour de France (specifically the Contador-Schleck battle) Alex covered three Tours de France, multiple editions of the Tour of Britain, and the World Championships, while both writing and video presenting for Cycling Weekly. He also specialises in fitness writing, often throwing himself into the deep end to help readers improve their own power numbers.  Away from the desk, Alex can be found racing time trials, riding BMX and mountain bikes, or exploring off-road on his gravel bike. He’s also an avid gamer, and can usually be found buried in an eclectic selection of books.