>>/35942/
> 2.15.037 The licence shall be automatically revoked in the event that the licence holder files for bankruptcy or is declared bankrupt, or in the event that any other measure or regime is applied under which the holder loses control of the licence.

 >>/35947/
> 2.15.061 The paying agent must remain the same throughout the period of validity of the UCI WorldTour licence issued for the team, including during the period of any renewals, except with the agreement of the Professional Cycling Council.
‘paying agent’ is the legal entity that owns that team, it can be a number of things but any changes to it that would amount to buying a license would have to be done ‘with the agreement of the Professional Cycling Council.’ In short UCI gets to decide arbitrarily.