Sky will end its involvement in cycling after the 2019 season in a move that could end Team Sky’s involvement in cycling, the team announced Wednesday.
The team will continue to race under a different name if a new sponsor is secured to provide funding from the beginning of 2020, Team Sky said in a statement.
Sky have invested over £150m over the last 10 years in the team. They have gone on to win six of the last seven Tour de France titles.
On the decision, team principle Sir Dave Brailsford said: “While Sky will be moving on at the end of next year, the team is open-minded about the future and the potential of working with a new partner, should the right opportunity present itself.
“For now, I would like to thank all Team Sky riders and staff, past and present — and above all the fans who have supported us on this adventure.”
The team’s riders, including reigning Tour de France champion Geraint Thomas and four-time winner Chris Froome were told of the decision overnight during a winter training camp in Mallorca.
More to follow.