Former Cyclist Derek Gee Faces €30m Damages Claim Following Contract Ending Due to 'Personal Belief'

Canadian cyclist Derek Gee has revealed he is confronting a massive damages claim totaling €30 million by his previous squad, Israel-Premier Tech. This follows his decision to end his contract based on what he called "personal beliefs."

Race Exit and Key Motivations

The 28-year-old, after placing fourth in the general classification at this year’s Giro d’Italia, departed from Israel-Premier Tech just prior to the Vuelta a España in September. That race was subject to extensive pro-Palestinian protests connected with the conflict in Gaza.

"I terminated my agreement for valid reasons, which is anyone's entitlement if they cannot to continue performing their work under the existing circumstances," Gee stated in a social media post.

He emphasized that the decision was carefully considered and followed a broken relationship with the team principal, in addition to major worries about competing for the squad from safety and personal-belief standpoint. These factors deeply affected his moral judgment, he mentioned.

Official Stance and Legal Proceedings

The team informed Reuters they were unable to comment regarding this issue since the dispute is currently before the arbitration panel of cycling's governing body, the international cycling union. Reuters has also contacted the governing body for comment.

Gee acknowledged that departing from Israel-Premier Tech left him without a contract or protection if he were injured, but stated this was a chance he accepted since he was unable to keep competing with the squad.

Substantial Demand and Team Changes

"I recognize the team has a different view," Gee went on. "Yet, I now confront what is described as a financial demand reportedly over around 30 million euros – for doing nothing more than exercising my fundamental rights as a professional and individual."

He shared that this situation strengthens my belief that leaving the team was correct, despite the team's recent statement of branding changes and organizational adjustments.

It remains unclear what the €30m figure represents. Professional cyclists usually make just a small portion of that sum during their racing years.

In related news, Israel–Premier Tech stated earlier this week that the team would undergo a complete rebranding for the 2026 season, moving away from their Israeli identity following over ten years.

Roy Perez
Roy Perez

A seasoned financial journalist with over a decade of experience covering Canadian markets and startup ecosystems.