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James Moultrie

'There are so many better examples than what we have in cycling' – Visma-Lease a Bike CEO Plugge expresses urgent need for financial reform amid sport's 'downward spiral'

PARIS - CHAMPS-ELYSEES, FRANCE - JULY 27: Stage winner Wout Van Aert of Belgium and Team Visma | Lease a Bike (R) celebrate with the team manager, Richard Plugge (L) after the 112th Tour de France 2025, Stage 21 a 132.3km stage from Mantes-la-Ville to Paris - Champs-Elysees / #UCIWT / on July 27, 2025 in Paris - Champs-Elysees, France. (Photo by Tim de Waele/Getty Images).

It's no secret that Visma-Lease a Bike CEO Richard Plugge has long been opposed to the current business model of professional cycling, but as he continues to advocate for financial reform into 2026, the Dutchman has called for more urgency amid a "downward spiral" for the sport.

Plugge revolutionised what was left of the doping-blemished Rabobank team when he took over as manager in 2012 and built them into the Visma-Lease a Bike success story of today. He wants a similar story to be true for cycling as a whole, taking inspiration from other sports, with the hope that cycling doesn't get left behind in the next decade.

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