An announcement is expected this week on either a postponement or an outright cancellation of the 21-day extravaganza that is currently scheduled to start in Nice on June 27.
Maintaining the original dates looks almost impossible following French President Emmanuel Macron’s announcement on Monday that public events with large crowds were banned until at least mid-July. “It’s as simple as this. If the Tour does not take place, teams could disappear, riders and staff alike would find themselves unemployed,” said Marc Madiot, the chief of top French outfit Groupama-FDJ.
The Tour rakes in revenue but the giant cost of staging the event, featuring logistics that are as spectacular as any mountainside showdown on two wheels, eat into the margins of all road races. “Most sponsors are in cycling for this reason alone, the whole thing is centred around the Tour de France,” Mignot claimed.
Mignot estimated that ASO’s Tour revenue has climbed from five million euros in the mid-80s to 50 million today.Some 40-50 per cent comes from sponsors, television rights make up around half, and host regions of the race also contribute around five percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cycling faces economic ‘meltdown’ if Tour de France cancelled | Malay MailPARIS, April 13 — The Tour de France is not only a French monument, but also the economic heartbeat of professional cycling itself and analysts fear heavy consequences if the coronavirus crisis forces its cancellation. An announcement is expected this week on either a postponement or an outright...
Source: malaymail - 🏆 1. / 86 Read more »
Covid-19: Macron extends virus lockdown in France until May 11NSTworld President Emmanuel Macron on Monday extended France’s strict lockdown to combat the CoronaVirusNigeria until May 11, with a progressive relaxation of the measures planned after that if the outbreak has slowed. Why CoronaVirusNigeria? Why lockdown? Very shoddy journalism And remove ‘after that’ so it doesn’t sound so convoluted in that ridiculous long headline. Chief editor must be still sleeping lol. Notice the staggered lifting. Schools open. Restnt, cafes and bars not yet. Travel restrictions much later. Mass gatherings, too. That's wise. Let's adapt and follow strategic release.
Source: NST_Online - 🏆 17. / 53 Read more »
France expects to continue lockdown | The Malaysian InsightIts current death toll stands at 14,393.
Source: msianinsight - 🏆 8. / 63 Read more »
France to isolate 1,900 sailors after Covid-19-hit naval ship docksNSTworld: Local authorities said a painstaking operation was now underway by land and sea to evacuate 1,900 sailors to ensure there was no risk of any further infection. France coronavirus covid19 CharlesdeGaulle
Source: NST_Online - 🏆 17. / 53 Read more »
France reports lower coronavirus daily death tollThe total figure from the epidemic in the country is now at 14,393. FMTNews Covid19France
Source: fmtoday - 🏆 5. / 72 Read more »
France to isolate 1,900 sailors after virus-hit naval ship docks3 sailors aboard ship have already been evacuated to hospital as a precaution. FMTNews France Covid19
Source: fmtoday - 🏆 5. / 72 Read more »