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Emma Magnus

'We play with money we don't have' – Women's cycling is booming, but as budgets rise by millions and costs grow by 30%, not everyone can keep up

Collage graphic of female cyclists and races, overlayed with a graph graphic.

"I have never won such a big race," said cyclist Cédrine Kerbaol in 2024, beaming in a post-race interview. She had just won a stage of the Tour de France Femmes after a 15km solo attack, making history as the event's first-ever French stage winner, and securing her team Ceratizit-WNT Pro Cycling's most prestigious victory. "It's crazy."

A lot can change in a year. Kerbaol left for EF Education-Oatly at the end of the season, activating a get-out clause after the team had some hiccups registering for their WorldTour license. Then, in September 2025, Ceratizit Pro Cycling's general manager Claude Sun was forced to close the team he'd spent more than a decade building. "It's your baby," he tells Cyclingnews. "You've got a good relationship with all the riders – it's like your family. And from the sports point of view, it's not a good thing."

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