The Trek-Drops women’s team has been saved from closure after launching a fundraising campaign.
Earlier this year, team bosses announced that their new title sponsor for 2019 had pulled out at the last minute.
The team then launched an ambitious fundraising campaign in the hopes of raising £250,000 to stay on the road.
On Tuesday morning, Trek-Drops announced on Twitter that the team had been saved and that big team news would be announced later in the week.
The team said: “We want to thank everyone that funded, shared and made noise about our recent crowd-funding campaign, the amount of love that we received was very humbling and meant so much to everyone involved in the team.
“We’re over the moon to say that through the crowd-funding campaign we achieved our goal of saving the team.
“This is down to the 199 crowd-fund backers who now form our new members’ club, private offline donations and some new team partners.
“The Drops team will continue to #ColourTheRoad in 2019. More team news to follow later this week.”
Through the fundraising campaign, the team have raised 10 per cent of their target, with 199 people donating a total of £25,312.
Last season, men’s WorldTour team EF Education First-Drapac were saved after launching a similar fundraising project when their title sponsor pulled out.
More than 4,000 people donated to help raise $500,000 (£390,000) and the publicity around the campaign also pulled in a new sponsor, saving the team.
The future of the Trek-Drops had been in doubt since July, when title sponsor Trek announced their intention to withdraw and establish their own women’s team linked with the men’s squad of the same name, Trek-Segafredo.
Trek-Drops is likely to be the UK’s only UCI women’s team in 2019 after the folding of Wiggle-High5, WNT-Rotor relocating to German and Storey Racing focusing on the domestic scene.
Thank you for reading 5 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1
Alex is the 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 and now as news editor responsible for Cycling Weekly's online news output.
Since pro cycling first captured his heart during the 2010 Tour de France (specifically the Contador-Schleck battle) and joining CW in 2018, Alex has 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 journalism, Alex is a national level time triallist, avid gamer, and can usually be found buried in an eclectic selection of books.
US cycling fatalities hit multi-decade high, but there may be hope in 'safety in numbers' effect
On average, 19 people get killed while riding their bikes in the US every single week.
By Anne-Marije Rook • Published
Emma Langley nets Joe Martin Stage Race GC after storming TT performance
EF Education's Langley clinches her first UCI stage race victory in Fayetteville
By Clara Beard • Published