Team Deceuninck-Quickstep is an example on how a team should be managed. Their budget is around 20 million Euro too.
It is very complicated to know where all the money comes from. Most from the two main sponsors and then there are a few side sponsors like Lidl that fill the gaps.
But most teams can also cut their expenses that go to bikes and food, drinks, cars etcetera as they are mostly sponsored in natura. For Deceuninck - Quickstep, we talk about Specialized for the bikes, Shimano for the gears and other materials. And Etixx for all food, supplements, gels, energy bars and drinks...
As you see, it is one big marketing machine!
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It seems like that and they all survive to fight another season. I would hate to live not knowing if I was in or out of contract at the end of a season. Lots of unknowns.