McQuaid and Rumpf hold joint press conference

“After receiving word from the respective organizers of the races that their financial situation was dire enough to place this year’s editions of each race in jeopardy, Global Cycling Promotion has agreed to step in and take over operation of the races,” declared Rumpf, “We have paid an undeclared sum to the Basque government for the race rights, and are thrilled to announce these races as additions to our growing Chinese portfolio.”

A beaming UCI president Pat McQuaid was on hand for the press conference and offered his comments.

“I’m a little shocked and dismayed that these race organizers could be in such financial turmoil, considering the fact that cycling has never been better. Sponsorship money is up, rider salaries are up tremendously, and everyone in the sport hasn’t been happier with our performance on behalf of all stakeholders. That said, it is disappointing that we’re going to have to hold off on some of our grand globalisation plans to rescue these three races,” stated McQuaid.

When asked to clarify the UCI’s role in the three races, McQuaid was blunt, “Look we own GCP, we run races. The UCI is assuming control of these three races through the auspices of the GCP, which is best in these times. UCI control ensures that cycling continues into the next millennium. This is in line with our new policy of administering, controlling, and taxing from the group ride to the professional ranks.”

Rumpf stated that they will be partnering with the “usual suspects” in order to ensure “product consistency,” which has led to cries of foul by the traditional folks who have been part of race organization for all three races.

“We are happier working with groups such as ASO. We know what to expect from them and our other partners. The fact that the race is being run is the most important element and we’re unconcerned with local ramifications. Remember our mission is a global sport, not a European one.”

GCP will be announcing further details regarding changes to the races in the coming weeks.