Canadian rider Michael Woods of the Israel – Premier Tech team achieved the fastest iconic climb to the Puy de Dôme volcano on Sunday. It is the greatest success of the stable so far – and therefore also of its patron Sylvan Adams.
Adams donates not only money, but also a great deal of energy, which is also used intelligently to promote Israel to the world. Originally from Quebec, whose father survived the Holocaust, he is an avid cyclist, even though he only started cycling at the age of 40. In November 2017, he won the World Masters Championship in Manchester, England, and then defended the World Time Trial Championship title in the Masters category on several occasions.
But it’s the least important bike path it leaves behind. He is primarily co-owner of the Israel – Premier Tech cycling team, which he founded as the Israel Cycling Academy (ICA) in 2015.
Within a few years, the team has become an integral part of the international peloton. He bought excellent riders such as Chris Froome, Jakob Fuglsang, Simon Clarke, Domenico Pozzovivo or Michael Woods. The team’s riders won the Tour de France stage twice last year, and the Giro and Vuelta stages in recent years.
Only with Froome it’s a sad story.
The British phenom, a four-time Tour winner, suffered serious injuries while cycling training in 2019. Two years later, Adams bought him out for a fabulous annual fee of 5.2 million euros. “We want to make history with a fifth and sixth Tour win. We have full confidence in Chris,” said the billionaire.
Unfortunately, the major projects fell through. Froome has yet to return to his old form. And that’s how it ended this year with the fact that he was not invited to the Tour at all.
The cycling team is just one part of Adams’ sports philanthropy. In 2017, the billionaire helped establish Israel’s first sports promotion institute called the Sylvan Adams Cycling Network at Tel Aviv University. At the same time, he donated a significant portion of the money to the Sylvan Adams Commuter Path, a bike path that connects Tel Aviv to surrounding areas so people can get to work faster and safely by bike.
Tour de France on the news list
In May 2018, he donated another bundle of money for the first indoor velodrome not only in Israel, but in the entire Middle East. At the same time, Adams has not forgotten his native Canada. He donated two million dollars to rebuild the Vélodrome cyclable de Bromont in Quebec.
All this was only a prelude to a completely Hussar play.
Indeed, Adams finally brought the Giro d’Italia to Israel in 2018, which is described as an admirable feat as it was the first time a Giro stage was held outside of Europe. He himself gave $80 million for it.
A great philanthropist
Adams was born and raised in Quebec, Canada. For nearly 25 years, he was President and CEO of Iberville Developments, one of Canada’s largest development companies, founded by his father, Marcel.
Exactly when he began to massively sponsor cycling, another important and symbolic milestone took place in his life. At the end of 2015, he moved to Israel and settled in Tel Aviv.
However, sport is only part of his gift. For example, he paid $1.5 million for Madonna’s performance in the Israeli part of Eurovision.
It also donates money for educational activities. He established the Margaret and Sylvan Adams Family Foundation to support educational and medical projects in Israel and Canada. The foundation offers PhD scholarships at the Israel Academy of Sciences and Humanities.
In 2018, he donated $5 million to SpaceIL, a nonprofit working to land Israel’s first spacecraft on the moon. The following year, he donated millions to a new emergency medicine service at Ichilov Medical Center in Tel Aviv, a new children’s hospital at Wolfson Medical Center in Holon.
This year, he received an award that certainly meant a lot to him. He was chosen to light the torch for the Mount Herzl lighthouse on the occasion of the 75th anniversary of the founding of the State of Israel.
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