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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.

Giro d’Italia to start in Hungary next year

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BUDAPEST, Hungary — The Giro d’Italia will start in Hungary next year.

The prelude stage will take place in Budapest, followed by two further stages on Hungarian soil.

Giro d’Italia organizers made the announcement on Tuesday at the Italian Cultural Institute in Budapest.

It will be the Grand Tour’s 14th start outside of Italy, with the most recent being in Israel last year.

This year’s Giro d’Italia will begin in Bologna on May 11 and conclude in Verona on June 2.

Gilbert beats Politt to win Paris-Roubaix

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ROUBAIX, France — Veteran cyclist Philippe Gilbert beat German rider Nils Politt right at the end of Sunday’s Paris-Roubaix race to win it for the first time.

Gilbert strategically placed himself behind the 24-year-old Politt, and then attacked him down the left to win by about a length after nearly six hours of riding. Belgian rider Yves Lampaert finished in third.

The race is one of cycling’s five high-profile classics, along with the Tour of Flanders, Milan-San Remo, Liege-Bastogne-Liege and the Giro di Lombardia. The 36-year-old Gilbert, a former world road race champion, has won all except Milan-San Remo.

“I still have this dream to win all them. Little by little I’m getting there,” an elated Gilbert said afterward. “Politt’s very courageous. In the end the best rider won, and thankfully it was me.”

Last year’s Paris-Roubaix winner Peter Sagan joined Gilbert and Politt near the front with about 20 kilometers left. But Sagan dropped off, leaving Gilbert and Politt to contest victory as they reached the Roubaix velodrome in northern France.

Paris-Roubaix is known as the Queen of the Classics because it is the most prestigious of the five, which are otherwise known as “monuments” of cycling.

But the grueling and dangerous 257-kilometer trek is also known as the “Hell of the North,” because of its treacherous profile including more than 50 kilometers (31 miles) of cobblestones spread out over 29 sectors.

“A lot of people said cobblestones aren’t for me. But I’ve won Tour of Flanders and now I’ve won here,” Gilbert said. “I rode a good race tactically.”

Belgian cyclist Tiesj Benoot crashed into the back of a Jumbo-Visma team car near the end of Sunday’s race, smashing the back window completely. He was taken to hospital but his injuries were not immediately known.

Last year’s Paris-Roubaix was overshadowed by the death of Belgian rider Michael Goolaerts, following a crash.