The Economics of Success

The golden age saw cycling's economy mature. Winner's prizes, while important symbolically, paled compared to criterium appearance fees. A Tour champion could earn year's income in post-Tour exhibition races where results mattered less than showing up. This system rewarded stardom over consistent excellence, influencing how riders approached the Tour itself.

The Criterium Circuit

Post-Tour criteriums—short races in small towns—became cycling's gold mine. Communities paid substantial fees to host races featuring Tour stars. These events, often predetermined theatrical performances rather than genuine competitions, provided riders' primary income. A yellow jersey wearer could command fees that transformed financial futures.

This economic reality influenced Tour tactics. Riders sometimes settled for podium positions rather than risking all for victory, knowing that second or third place still guaranteed lucrative criterium contracts. Team dynamics shifted as riders negotiated appearance fees collectively, sharing earnings in complex arrangements that resembled entertainment industry more than sport.