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Future looks bright for Brailsford's team, says Wiggins

Credit: PA

Tour de France winner Bradley Wiggins believes the loss of Team Sky's sponsorship will not be detrimental as new money coming in ensures key man Dave Brailsford's plans will be unaffected.

The media giant announced in December it would be ending its association with the team at the end of the year. The partnership has extended beyond 10 years, with the team securing eight Grand Tour victories during that period.

Reports have suggested Britain's richest man Jim Ratcliffe, with a £21billion fortune, will step in and Wiggins thinks that will benefit the team under the continuing leadership of general manager Brailsford.

"Dave will want to retain control and it is Dave's way in terms of the way he manages the team, the way he sets the team up," the Olympic gold medallist said in the first episode of the new series of The Bradley Wiggins Show by Eurosport.

"I think he would have been reluctant to have another multi-national company that came in that wanted it for the advertisement and to get their name out there, but would want the control in terms of 'This is how we want to do it in terms of how we advertise our company'.

"I think that would have been a big point for Dave. So in some ways it's an ideal situation.

"He (Ratcliffe) is the richest man in Britain and you would imagine that the kind of money they have asked for is nothing to him.

"Dave can continue running out this team with all his plans and philosophies, so it's an ideal situation for him and he is answerable you'd imagine to one man - it's his money. It will certainly help that team."

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Leading cycling teams unite to help sport grow

Brailsford believes 'collaboration is the cornerstone to positive change' Credit: PA

Cycling's leading teams have announced the creation of Velon - a UK-based joint venture intended to drive the future development and growth of the sport.

Team Sky principal Sir Dave Brailsford played a key role in the formation of the new group, which sees Sky team up with Belkin Pro Cycling, BMC Racing Team, Garmin-Sharp, Lampre-Merida, Lotto-Belisol, Omega Pharma-Quick-Step, Orica-GreenEDGE, Team Giant-Shimano, Tinkoff-Saxo and Trek Factory Racing.

Brailsford said: "Collaboration is the cornerstone to positive change and this is very exciting for professional cycling. It's a big step towards the sport reaching its full potential.

"The teams involved in creating Velon have come together with a powerful shared vision to optimise the sport and develop new ways for it to grow.

"If the teams unite and work collectively to make cycling better to watch and easier to understand, it's to everyone's benefit. It will encourage more fans to follow the sport."

Sir Dave Brailsford leaves British Cycling director role

A statement from British Cycling on Sir Dave Brailsford is expected later today. Credit: PA

Sir Dave Brailsford has left his role as British Cycling performance director, Press Association Sport understands.

Brailsford has led Britain's cyclists to an unprecedented period of success, with eight gold medals at the Beijing and London Olympics and has arguably been more influential than any other person in turning cycling into a mainstream sport in this country.

The 50-year-old Welshman also established Team Sky, winning the Tour de France through Sir Bradley Wiggins in 2012 and Chris Froome in 2013.

Now Brailsford has decided to concentrate on his role as Team Sky principal, leaving British Cycling looking for a new figurehead in the lead up to the Rio de Janeiro Olympics in two years' time.

Cycling chief Dave Brailsford knighted by Queen

British Cycling performance director and principal of Team Sky, Dave Brailsford, has received his knighthood today.

Sir Dave Brailsford receives his knighthood from Queen Elizabeth II. Credit: PA

Sir David led Britain to eight cycling gold medals for a second successive Olympics and Team Sky to an historic one-two in the Tour de France.

The investiture took place at Buckingham Palace. Credit: PA

He receives his knighthood for services to cycling and the 2012 Olympics and Paralympics.

Brailsford shows off his medal outside the Palace. Credit: Nicky Russell-Smith