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Britain’s richest man becomes new sponsor of Team Sky

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LONDON — Britain’s richest man has bought the Team Sky cycling team, which will be renamed Team Ineos.

Jim Ratcliffe, who is the chairman of chemicals giant Ineos, is reported by the Sunday Times rich list as being worth 21 billion dollars (18.5 million euros).

Ineos pledged in a statement on Tuesday to honor all “existing commitments to riders, staff and partners.”

The team’s launch takes place at the Tour de Yorkshire which starts in Doncaster on May 2.

Sky’s long-time team principal Dave Brailsford welcomed the move, saying “it ends the uncertainty around the team” and “represents a huge vote of confidence in our future.”

Sky has won six of the past seven Tour de France races, with Chris Froome winning four times and Bradley Wiggins and Geraint Thomas winning it once.

British broadcaster Sky announced its withdrawal from the sport last December following the European pay TV giant’s takeover by American company Comcast.

Hermans wins Tour of Utah with strong ride in final stage

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PARK CITY, Utah — Ben Hermans finished near the front once more in the final stage of the Tour of Utah on Sunday, allowing him to wrap up the overall title after taking second in the week-long race a year ago.

Joe Dombrowski won the finale, an 83-mile trek that began and ended in Park City, with 24 seconds to spare over a chase group led by Joao Almeida. Herman and Keegan Swirbul were another two seconds back with James Piccoli, one of the main instigators all week, rounding out the top five.

The finish was enough to give Hermans, riding for the Israel Cycling Academy, a 50-second margin over Piccoli with Dombrowski another 42 seconds back in third place.

The 33-year-old Hermans has experienced something of a rejuvenation this season. He won a stage and the overall at the Tour of Austria before taking the second and third stages in Utah.

“It’s really amazing,” the Belgian said. “I’ve been fourth, second last year, and to win – finally first. I really enjoy it here. It’s amazing to ride for these crowds and to be there on the podium in the yellow jersey is really, really nice.”

Travis McCabe won the white jersey awarded to the race’s top sprinter. Piccolli was crowned most aggressive rider, Almeida was top young rider and Hayden McCormick won the mountains classification.

Italian cycling great Felice Gimondi dies at age 76

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ROME == Felice Gimondi, one of only seven cyclists to have won all three Grand Tours, has died. He was 76.

The Italian Cycling Federation (FCI) said efforts to resuscitate Gimondi failed after the Italian suffered a heart attack while swimming on vacation in Sicily on Friday and died the same day.

Gimondi won the Tour de France in 1965 as a 22-year-old in his first year as a professional. He went on to win the Giro d’Italia in 1967, 1969 and 1976, and the Spanish Vuelta in 1968.

“Felice was one of the greatest champions to win great tours, a world championship and important classics while contesting, he alone, Eddy Merckx,” FCI president Renato Di Rocco said. “A great man who marked an era. Italian cycling mourns the passing of one of its pillars.”

Five-time Tour de France winner Merckx told Italian news agency ANSA, “A man like Gimondi is not born every day. With him goes a piece of my life. He was among the greatest ever.”

The other cyclists to win all three Grand Tours are Belgian rider Merckx, Jacques Anquetil and Bernard Hinault of France, Alberto Contador of Spain, Vincenzo Nibali of Italy and Britain’s Chris Froome.