Team Sky become Team INEOS

Team Sky have found a new sponsor and will now become Team INEOS.

Broadcaster Sky said in December it would end its decade-long commitment at the end of 2019, during which time the team Sky have won eight Grand Tours.

Team Sky principal Sir Dave Brailsford has been looking for a new sponsor, with some reports suggesting meetings with entities including the Colombian government.

The search is now over with the confirmation of INEOS as title partner, a chemicals firm owned by Britain's richest man Sir Jim Ratcliffe.

The new team's launch will take place at the Tour de Yorkshire on 2 May.

Ineos will become the sole owners of the team from 1 May and says it "will continue to fund the current team in full, honouring all existing commitments to riders, staff and partners".