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Another company linked to 2012 Tour de France winner and five-time Olympic champion Bradley Wiggins has been liquidated.
The company in question, Ride 101, is owned by Wiggins
Rights Ltd, which was controlled by Bradley Wiggins before it was recently
liquidated.
However, Wiggins is not a director of Ride 101 as his ex
wife Cath was the sole director of the company.
Ride 101 has been liquidated with debts of £141,000,
according to company filings which were first reported on by Cycling Weekly.
The debt is comprised of £51,000 owed to a solicitors company, Bray and Crais, and £90,000 owed to SponsorCom Ltd, which operates in the sports marketing sector.
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Ride 101 appeared to be owed £604,000 by the two other companies linked to Wiggins and which were recently liquidated; Wiggins Rights Ltd and New Team Cycling Limited.
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It emerged in October Wiggins Rights Ltd – a vehicle
established to exploit Wiggins’s name – had gone into liquidation owing
£654,657.
New Team Cycling Ltd – a vehicle that owned and ran the Team Wiggins Continental outfit – was also wound up, with debts of £587,008.
Wiggins is believed to have put a lot of his own money into the team, which he rode for after leaving Team Sky. The team continued after he retired following his final team pursuit gold medal win at the Rio Olympics in 2016.
A statement lodged with Companies Office in the UK said
some of the debts of Ride 101 could be settled with money in an accountant’s
client account, at almost £11,000.
However, the prospect of Ride 101 being paid the £604,000 that appeared to be owed by the two other companies linked to Wiggins was described as “uncertain”.
When news of the first two liquidations first emerged in Cycling Weekly in October a spokesman for Wiggins said the situation with the firms was in no way linked to Wiggins’s personal solvency.
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