Mitchelton Scott confirmed the senior management changes revealed by Cycling News on Tuesday. Brent Copeland has left Bahrain McLaren to take on the role of general manager, while former commercial advisor Darrack McQuaid has been named chairman.

The reshuffle follows the failed takeover of the Australian WorldTour team by the little-known Spanish non-profit Manuela Fundacion. The team will return to racing later this month, with team leaders Adam and Simon Yates and world champion Annemiek van Fruten leading the men's and women's teams in the big race.

Ryan is also believed to have told the team's riders and staff that he would not do any more business with Manuela Fundacion, despite a 10 million euro offer from the Spanish NGO Manuela Fundacion to purchase a World Tour license It is believed that GreenEdge Cycling, the company that runs the Mitchelton Scott team, announced that it has decided not to proceed with the head-of-term provisional contract agreed on June 5, even though Manuela Fundacion is talking about a more formal contract agreement.

"We look forward to having Brent, whom we believe will fit immediately into our proud culture, join the team as our new general manager and Darach as chairman.

"Shayne's contribution to the team is immeasurable and will have a lasting impact on our legacy.

Copeland joins Mitchelton Scott after four years as team manager at Bahrain McLaren, most recently as operations director. He has also worked for Lampre and MTN-Qhubeka.

"Mitchelton-Scott is a team that I have always recognized as a leader in cycling, not only because of the great organization and competitiveness they consistently display, but also because of the image they have created over the years as a team.

." I am very excited to get started and will honor this role in every way."

McQuaid will work as a commercial advisor for several years before taking on a more formal role with Mitchelton Scott. He is the youngest brother of former UCI president Pat McQuaid, who was responsible for the 2014 Giro d'Italia Big Start in Ireland and the Richmond bid for the 2015 UCI Road World Championships.

"I am honored to be appointed president of this world-class team. It is a great honor to lead this organization with Jerry Ryan and now Brent Copeland. I look forward to working with everyone over the next few years to deliver on our sporting, commercial and business strategies."

Banan and Crespi were reportedly deeply involved in the failed takeover bid by Manuela Fundacion that was revealed a few weeks ago, and speculation that their sudden mid-season departure may have something to do with the team's dramatic future U-turn is inevitable.

Despite a press release from the Mitchelton Scott team confirming the takeover and revealing the new pink and blue colors, Ryan apparently changed his mind about selling the team's World Tour license just a few days later, and the Spanish-Australian The entire deal collapsed, frustrating former Giro d'Italia winner Stefano Garzelli, who led the Spanish delegation.

Ryan then promised to take on the future of the team until at least 2021 and to return the team's full salary in August. The riders, and even the base-paid staff, saw their salaries reduced by up to 30% this spring.