Business of Sports

Cycling Is a Hot Mess and Needs a Turnaround Plan

The Tour de France, which finishes this weekend, still makes money, but not much else in the sport does.

The 112th edition of the Tour de France cycling race on July 13, 2025.

Photographer: Marco Bertorello/AFP

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Welcome to the Business of Sports newsletter, where this week we look at how bike maker Bianchi plans to make money, what the co-owner of Santini — the maker of the Tour de France’s famed yellow jersey — thinks about the cycling industry, and reveal the latest on the cycling super league. We also chat with Aaron Kless , the Chief Executive Officer of Andalusian Credit Partners about how not to get trapped by the vanity play.

Also, given we go on and on about how easy it is to lose money in football, here’s a story about a bunch of American firefighters and prison officers look set to make a profit from their English investment in Ipswich FC.