Global bank HSBC has exercised a break clause in its main sponsor contract with British Cycling.
The eight-year deal between the two organisations began in 2017 and had been set to run until 2024, but will now end after the 2020 Olympic games in Tokyo. Industry experts valued the sponsorship at between £2.5m (€3m/$3.2m) and £3m per year.
You need to have an account to access our content
Find out more about our news, features and services
Already have an account? Sign in here