Surge Company Approaches Deal to Create New Cycling League

An investment company owned by the Saudi Public Investment Fund has emerged as the top candidate to support a new cycling league, according to three people familiar with the matter speaking to Reuters. One of the sources stated that Surge Saudi Sports Investment, which was established last year, is conducting exclusive negotiations for a potential investment of approximately 250 million euros (270.70 million dollars) in the project led by a group of major European cycling teams.