Lidl set to take majority ownership of Lidl-Trek
Supermarket chain Lidl and bike brand Trek "are in advanced discussions regarding a change in the ownership structure of UCI WorldTour Team Lidl-Trek," according to a statement from the team. A new arrangement would see Lidl become the majority owner of the squad, with Trek "retaining a significant ownership stake in the team they founded."
Lidl came on board as a co-sponsor in 2023, bringing a significant cash infusion to the organization's coffers, and both the men's and women's squads have spent the past few seasons in the upper echelon of the yearly team rankings. This new evolution in ownership structure, which would further cement the German-owned brand's place in the pro peloton, "is expected to be finalized in the coming weeks."
