Team owner Michael Thétaz has doubled IAM Cyclibg’s bidgest for 2015 to enable them to join the UCI WorldTour.

“2014 still not finished, but our budget was around €10m [£7.9],” Thétaz told Cycling Weekly. “It will be from 10 to 15m [£7.9-11.8m] in 2015 depending on how well the team does.”

“I’ll be between €10 to 15 million, I hope towards the top end of that scale because that means that my team is doing well,” Thétaz added.

“I’m flexible. We have a system, variables that are linked to their performances. My 29 cyclists have basic and fixed salaries, but also have ways to make more money. The team can cost me more, and I hope it does.”

IAM has been very successful, receiving inviations to ride both the Tour de France and Vuelta a Espana this year. They also won two WorldTour races this year: GP Plouay with Sylvain Chavanel and the second stage of Tirreno-Adriatico with Matteo Pelucchi. Those wins means they won more in cycling’s top division than current top-tier team Europcar. Matthias Brandle also set the World Hour Record while riding in the team’s kit.

“Our first race is in Australia next year! Europe is the place where we want to be active, Switzerland is the emphasis, but anywhere you go, if you do the right thing, there will people in the region that you can target,” Thétaz said.

“We’ve seen a lot of increased visibility and credibility from cycling. Everything’s been boosted. Next year, which is IAM’s 20th anniversary in Geneva, it’ll be even better because no one can miss us.”

“Receiving a WorldTour licence is a success for us. We’ve gone from nothing in 2013 to a WorldTour team in 2015. In terms of the image management, it’s a success. It will bring us more visibility because the team, I believe, is up to our expectation.”