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@kiwimike
Thanks JackT, a pretty sharp take on the whole thing.
FWIW I've chatted with Ted and we agree on a lot of things, including not ripping off the brand they have built, the effort large bike rides take to organise when dealing with the likes of London's overlords/constabulary, indeed the sheer herding of cyclists in the right direction generally, following an entry process that may or may not gain popular blessing for whatever reason.
....And particularly that anyone is free to organise whatever they like, with obvious nod to existing events and a sense of playing fair.
It's all good.
Mike