'We're up against entire countries': WorldTour team boss bemoans 'bizarre amounts' of money changing hands in the peloton

Cycling's big-money wallet wars in the post-Covid era

The peloton at the Tour Down Under
(Image credit: Getty Images)

That was then, this is now. The feeling that Covid marked a watershed moment, the onset of a new normal, pervades many walks of life.

The number of people earning their pay behind their own front doors is the most obvious, perhaps. Spending habits have also been affected significantly, with far more of it done online. And, according to one team boss, Covid seems to have left a major financial mark on the men's WorldTour peloton.

“Cycling has changed in many ways since Covid,” said Iwan Spekenbrink, manager of the Picnic PostNL team – formerly dsm-firmenich PostNL, in an interview with Dutch outlet Wielerflits.

"Since Covid, a bizarre amount has changed in the peloton in terms of money," he said. “A lot of money has been added, especially from the Middle East. As a result, some budgets have exploded."

"However, we should not complain about that, because that is simply the reality. The challenge for us is how we can be successful against these teams.”

“It is extreme what some young boys are paid. Amounts that you used to only get paid if you had already been successful in the big tours, are now being paid to juniors," he said.

He also defended Picnic's ability to nurture talent, saying: "We have shown that we can develop young riders well. In that respect, we are certainly not inferior to those teams. In fact, I think we still do this better.”

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After cutting his teeth on local and national newspapers, James began at Cycling Weekly as a sub-editor in 2000 when the current office was literally all fields.

Eventually becoming chief sub-editor, in 2016 he switched to the job of full-time writer, and covers news, racing and features.

He has worked at a variety of races, from the Classics to the Giro d'Italia – and this year will be his seventh Tour de France.

A lifelong cyclist and cycling fan, James's racing days (and most of his fitness) are now behind him. But he still rides regularly, both on the road and on the gravelly stuff.

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