Linda Jackson confirmed on Friday that her company will not be seeking to renew its WorldTour licence for the next WT cycle. The EF-TIBCO-SVB license is entirely owned by To the Top Cycling LLC and will not be transferred to another team, she said.
“It is with deep regret that I confirm that I have not been able to secure the sponsorship needed to maintain my WorldTour license,” Jackson said in a statement to Canadian Cycling Magazine . “Trying to find sponsorship was just too difficult following SVB’s collapse in March given the overall economic environment at the time. I let my riders know early on that they should be looking for other opportunities as my main priority was to be transparent. I wanted to assist them with transitions to other WorldTour teams versus dragging out the sponsorship hunt to the 11th hour.” Two decades of growth
The team was born in 2004 from a group of amateur Silicon Valley riders sponsored by a local bike shop, Palo Alto Bicycles. Jackson found sponsorship from TIBCO and Silicon Valley Bank, leading to the team growing gradually each year, to eventually rise to the Women’s World Tour.
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Twenty-five years ago, Linda Jackson was on the podium of a stage race in France. Today, her team, EF Education-TIBCO-SVB, will be at the new eight-day race by the ASO
“I am very proud of what we accomplished over almost two decades […]