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Team Sky’s 2016 budget bigger than ever

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Team Sky tour de france 2017

Team Sky has the biggest budgets in pro cycling every year. The team recently published its annual report for the 2016 fiscal year, revealing a budget in excess of €35 million.

The team’s total budget rose from €27.7m to €35m in 2016, according to accounts filed with Companies House. Rider costs made up the largest share, rising by €7.2m to €27.7m. This is likely due to the signings of Michal Kwiatkowski and Mikel Landa, and re-signing of Chris Froome at the start of 2016.

The expanded budget came from sponsorship increases from the team’s three main backers: Sky UK Limited, 21st Century Fox and Sky Italia.

Team Sky’s budget for 2016 was up 27% on the previous year and since inception the budget has doubled.

Sky’s budget for sports science and research rose from €307,800 in 2015 to €346,400 in 2016, while its research cost more than doubled, from €26,000 in 2015 to €59,000 in 2016.

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