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Tour de France Rejects Equity Share in UCI’s Cycling Company

Cycling’s ruling body Union Cycliste Internationale is trying to find investors to promote the sport and raise revenue in new markets after the organizers of the Tour de France rejected the offer.

The Aigle, Switzerland-based group, which sets regulations and oversees anti-doping controls, has approached wealthy individuals about taking a stake in its newly-formed unit Global Cycling Promotion S.A. after Paris-based Amaury Sport Organisation declined to participate, UCI President Pat McQuaid said in an interview yesterday.