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BRONX CHEER FOR BUST ECONOMY April 16, 2009

Posted by wetalkhablamos in Uncategorized.
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The Associated Press reports today that Kazakh sponsors of the Astana Cycling Team have fallen behind in payments of rider salaries due to financial hard times.

http://www.google.com/hostednews/ap/article/ALeqM5igz6v9F0Gr5XtMl7cHpQ3sLmv_DQD97JFEPG1

According to the news wire, payments to the riders have been withheld for about a month, and one major sponsor, Air Astana, has discontinued its support.

The AP:

 “Astana receives most of its financial support from Kazakh state holding company Samruk-Kazyna, but the Central Asian nation’s economy has been badly hit by the ongoing global financial crisis. While Samruk-Kazyna has pledged to continue its support for Astana, which is named after the Kazakh capital city, state carrier Air Astana has stopped sponsoring the team.”

Don’t worry for now, the riders will soon be able to collect their checks. Nicolai Proskurin, a high-ranking officer in the Kazahk Cycling Federation said, “We started receiving the first payments yesterday … and now that money will be forwarded to the team.”

But in the long term, is our sport in danger?

Cycling is a relatively cost-efficient sport. While logistical requirements are onerous, rider salaries are modest compared to those of other athletes, infrastructure (stadiums, for instance) is minimal, and most events are free to the public.

In contrast, it costs more than $400.00 US for a family of four to see the New York Yankees play a regular-season game at their new stadium. No wonder. One player alone, star third-baseman Alex Rodriguez, will be paid $33,000,000.00 US for 2009.  Compare: a Tour de France winner makes something like one-tenth as much, spread over two or three seasons.

A couple of dozen guys riding bikes for a year could be funded by one night’s hot dog sales in the Bronx.

Cycling is not at the top of the food chain, in terms of public preference or corporate backing. What can we expect for the sport as the global economy struggles?

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Comments»

1. Arsen (aka VinoFan or KazakhNeRider) - April 17, 2009

It was really nervous week!
From one side – it was clear order of the president to all national companies to cut all bonuses and secondary expenses. From another – Astana is a matter of prestige for Kazakhstan.
So – when the president in China with official vizit it was quite hard to solve a problem quickly

2. Rebecca - April 17, 2009

That’s really interesting, Arsen. Please keep us informed.

Financial matters are depressing all over the world. I hoped naively that since Kazakhstan was so strong, they wouldn’t be hard hit by the crisis.

To me, being an Astana fan includes a sincere wish for Kazakh people to be well and happy. How wonderful to have the team as a source of national pride.

Hey, maybe Barack Obama will work on a cycling bailout…


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