After last year's title sponsor, Japanese telecommunications company NTT, decided not to renew their contract with the team, South African bicycle charity organization Qhubeka, a former title sponsor, and Swiss clothing brand Assos stepped up to sponsor the team for two seasons.

However, before the new sponsors were announced, the sponsorship crisis led to many riders seeking contracts with teams elsewhere, resulting in the departure of 19 of the 29 riders on the team last season.

[1][2] Prior to the Tour de France, cryptocurrency investment company NextHash Group became the team's co-title sponsor as part of a five-year sponsorship deal, and the team rebranded as Team Qhubeka NextHash.

[3] However, despite finding a sponsor mid-season again, the team faced financial problems.

[4] The team then announced they would continue at the UCI Continental level with the development team (Team Qhubeka) and hoped to return to the WorldTour in the future.