MELBOURNE (Reuters) - Cash-strapped national governing body Cycling Australia has had a board shake-out and will receive a A$2 million (1.1 million pounds) loan to help lift the sport out of its financial struggles, officials said on Tuesday.
Outgoing president Gerry Ryan, owner of pro cycling team Orica-Greenedge, will step aside for Malcolm Speed, a veteran Australian sports administrator and former boss of the International Cricket Council who will lead a seven-person board from Friday.
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