He talked about setting up a Spanish team a few years ago as he’s good friends with Contador and an avid cyclist(as is Mark Webber). I assume something like Sky. I guess he’s finally got around to it and buying an existing team is probably much easier than starting from scratch.
It’s not like he’s short of money and I guess there’s only so many cars, yachts and women to spend it on.
I reckon any funding for cycling is a good thing. Although I wish more people funded Women’s cycling teams and events. They may be slower, but their races are equally exciting to watch if not more so.
It’s not like watching women’s football.
Tom KP