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Tour de France winner Wiggins in court against management

Tour de France winning cyclist Sir Bradley Wiggins is set to take a dispute over a £740,000 bill from his former management company to court, reports the Daily Mail.

Wiggins is thought to have made over £5m from his Tour de France win, with most of the money coming from sponsorship deals and endorsements. Now Wiggins has received a £741,000 bill from MTC, against his contract with Team Sky.

However, the cyclist believes that the agreement he had with MTC entitled them only to a percentage of his income from contracts negotiated by MTC, and that for the first four years of his career many of his sponsorship deals were negotiated by his wife, Catherine.

MTC claim that his contract with Team Sky was negotiated after his 2008 Beijing Olympic success, where he won two gold medals. They claim that they were told by Team Sky that Wiggins would earn £4m per year, plus a £1m bonus if he were to win the Tour.

MTC claim that the details of their agreement with Wiggins means that they are entitled to receive up to £750,000 from his Tour win.

Wiggins terminated his agreement with MTC last January.

MTC have launched a legal action in the High Court against Wiggins, with his legal team counter-claiming.

A spokesman for his new management company, XIX Entertainment, said that Wiggins strenuously denies the allegations made against him.

"Sir Bradley is no longer represented by MTC. He strenuously denies that it was he who breached the terms of any contract and as this is subject to legal proceeding he will not be commenting further," the statement read