French press reports that Pineau held a two-hour video conference with the team to tell them the news.
Manager tells riders they're free to sign with other squads after efforts to secure the team's financial future falls through.
Frenchman ruled out axing the team but says that ambitions may need to be 'revised downwards' if money doesn't come in.
'I am very concerned about the situation. I have a feeling that there was only plan A, and no plan B' says head of rider's union.
Reports of worried riders looking for alternative teams as Jérôme Pineau’s project remains in jeopardy
French team boss set to appear in front of the DNCG on Monday to explain his plans.
'For sprinters, if they can survive the mountains then they have ample opportunities for bunch sprints,' Cavendish says.
There is still time for Pineau to have a team in place for 2023.
Report: ‘Hardly any sign of life’ from Pineau’s B&B team with presentation cancelled and ‘nothing signed yet’
Doubts continue as L'Équipe speculates on budget and sources that claim no sponsor contracts have been signed yet.
Report: Tour de France record back on as Mark Cavendish agrees one-year contract with Jérôme Pineau’s French team
British rider would be backed with a strong leadout train as he looks to break the record for Tour de France stage wins.
Veteran sprinter is still on the market and talking to Paris Cycling Club for 2023.
The French rider is one of several who left first division teams for IAM, a second tier squad out of Switzerland
Jérôme Pineau (Quick Step) won Thursday's fifth stage of the 2010 Giro d'Italia after working a nearly day-long four-man breakaway and outlasting the chase pack by seconds.