DeMartini, the U.S.A. Cycling chief executive, said the organization receives roughly one-third of its money from the U.S.O.P.C., one-third from fund-raising and one-third from current racing. Next year, riding will likely return but the Olympic money remains up in the air. “It’s an interesting thing how a pandemic can focus an organization,” Smith said. For those athletes who do have sponsorships, many of them have to renegotiate with shoe companies in December. “They are expressing how much money they have lost in last few months,” Spearmon said of the shoe companies.

Source: International New York Times April 04, 2020 06:56 UTC