UCI president Pat McQuaid has defended the governing body's acceptance of more than $100,000 in donations from Lance Armstrong while he was under suspicion of doping.
Asked how he could justify accepting the money, Mr McQuaid said the donation "was (accepted) openly and put to good use."
A 30ft effigy of the disgraced cyclist wearing a Jim'll Fix It badge will be torched in front of thousands of people on Saturday night.
The UCI confirmed Lance Armstrong's lifetime ban and stripping of his Tour titles, but defended itself in cycling's "worst" doping scandal.
Nike has dropped their sponsorship deal with Lance Armstrong as the disgraced cyclist quits his own charity.