Nearly $250,000 raised in first 24 hours of Cannondale-Drapac crowd-funding campaign

Team hoping to secure future with crowd-funding campaign

Joe Dombrowski at the 2017 Vuelta a España
(Image credit: Yuzuru Sunada)

A crowd-funding campaign intended to help secure the future of the Cannondale-Drapac team has raised nearly $250,000 (£194,000) in its first 24 hours, more than 10 per cent of its goal.

The #SaveArgyle Indiegogo page is aiming to raise $2m to help fill the team's $7m (£5.4m) budget shortfall after the withdrawal of a major sponsor. Any money raised through the crowd-funding page will be matched by insurance agency Fairly Group.

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In order to attract people to invest, the crowd-funding page offers a number of incentives based on the amount of money that people want to put in.

At the lowest level, $25 (£19) will get you access to insider content and the members' section of the website, as well as #SaveArgyle stickers.

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However if you want to put $50,000 (£38,900) into the project then you will be able to join the team at their pre-season training camp and at four race days of your choosing, and also receive team bike and kit.

The crowd-funding campaign will continue for the next 13 days as Slipstream Sports, the company behind Cannondale-Drapac, continues to look for another sponsor to fill the remaining budget.

Henry Robertshaw

Henry Robertshaw began his time at Cycling Weekly working with the tech team, writing reviews, buying guides and appearing in videos advising on how to dress for the seasons. He later moved over to the news team, where his work focused on the professional peloton as well as legislation and provision for cycling. He's since moved his career in a new direction, with a role at the Department for Environment, Food and Rural Affairs.