November 11, 2012 – The International Cycling Union confirms that it has been in discussions with Omega Pharma-QuickStep owner Zdenek Bakala and his business partner Bessel Kok since late 2011 about the possible development of the professional road cycling calendar.

These discussions have included their potential financial investment in a new joint venture company with the UCI and other cycling stakeholders that would promote and organize elements of this new calendar.  The UCI has signed a Memorandum of Understanding with them as the initial investors in the joint venture and will now enter into extensive dialogue with the teams and race organizers before any final agreement is concluded.

On Wednesday, November 8, 2012 the UCI announced a wide-ranging consultation “A bright future for cycling” that will involve all of the stakeholders in the sport and which will take place in the first quarter of 2013. This consultation will have a considerable bearing on this proposed joint venture and the future road cycling calendar.

No agreement has been reached on the reforms that will take place to the calendar and as such any media reports about the future of the calendar are pure speculation at this stage. However, the UCI will retain full control over the calendar, including sporting and technical elements. The UCI and the investors are also committed to ensuring that the final structure of the joint venture will avoid conflicts of interest.

Commenting on this, UCI President Pat McQuaid said:  “Improving the professional road cycling calendar for spectators, cyclists, teams, organisers and sponsors is a priority for the UCI.  Cycling is one of the world’s most popular sports and we are committed to take this to an even higher level. In Zdenek Bakala and Bessel Kok we have cycling fans who have already done much for the sport but who want to invest further. That demonstrates the confidence they have in cycling and we are keen to partner with them and others. We look forward to making a formal announcement on this as soon as possible next year.”