Slipstream Sports has announced an Indiegogo campaign with the goal of crowdfunding at least US$2 million to #SaveArgyle and keep the Cannondale-Drapac pro cycling team on the road after a funding gap for the team was confirmed in recent days.
In tandem with the new crowdfunding campaign, risk consulting firm Fairly Group has made a seven-figure commitment to Slipstream Sports and, along with other key supporters, has issued a ‘match challenge’ that starts out with up to US$2 million.
“I’m overwhelmed by the response and level of support at the grassroots level,” said Jonathan Vaughters, CEO of Slipstream Sports. “There are hundreds of thousands of fans across America and the world who want to see Slipstream continue to create a platform for America’s best riders to compete, and they have inspired us and Fairly Group. I’m grateful to Fairly Group for taking the lead, not only with a financial commitment but also by offering to deliver assistance with a strategic plan to ensure our future.”
The Fairly Group commitment is, at minimum, a seven-figure amount and scales upward, based on matching offers by other fans and businesses. The motivation? To allow Slipstream Sports to continue its success in competing in cycling’s top professional races, including the Tour de France, where the team recently finished second overall with Rigoberto Uran and fielded the only three Americans in the race.
“American pro cycling has a rich history of competitive excellence and Slipstream has carried the torch for many years, having developed many of America’s best cycling talents and taken them to the Tour de France,” said Alex Fairly, President of the Fairly Group. “Our ethos is built on our willingness to step into our client’s most difficult challenges, and our goal in making this commitment is to provide a spark that continues to ignite the flame of support for America’s best pro cyclists competing on cycling’s WorldTour stage.”
Vaughters recently announced an unexpected shortfall in the sponsorship funding necessary to field a WorldTour team in 2018. Fans responded to this news by asking the team to set up a crowdfunding page. Fairly Group was inspired by the movement and answered the call with a seven-figure commitment, issuing the ‘matching challenge’ to other businesses and individuals to join them by offering a significant level of financial support.
Every dollar donated to the #SaveArgyle Indiegogo campaign, up to US$2 million, will be matched by Fairly Group and other key supporters.
A tiered reward structure offers perks from US$25 – US$50,000 that include: insider content, #SaveArgyle swag, name on sponsor page of website, invites to ride with the team, POC team kit and helmet, team bikes and invites to training camps, races and access into the team car. Donations will only be processed if the team continues in 2018.
The Cannondale-Drapac Professional Cycling Team is an American-registered UCI World Tour racing team. It competes at the highest level of the sport and strives to be open, attacking, and entertaining. In the 2017 season, it has the youngest roster and one of the most diverse squads in the World Tour. Team riders come from the United States, Canada, Australia, The Netherlands, Italy, France, Colombia and beyond.
Fairly Group is a risk management firm and advises clients across various business segments nationally and internationally, such as the NFL, MLB, Viacom and others.