race of its own, after the success they had gained from holding an automobile race. Morgagni then decided to try and hold their race before Corriere della Sera could hold theirs, but La Gazzetta lacked the money. However, after the success La Gazzetta had with creating the Giro di Lombardia and Milan–San Remo, the owner Costamagna decided to go through with the idea. Their bike race was announced on 7 August 1908 in the first page of that day's edition of La Gazzetta dello Sport. The race was to be held in May 1909. Since the organizers lacked the 25,000 lire needed to hold the race, they consulted Primo Bongrani, an accountant at the bank Cassa di Risparmio and friend of the three organizers. Bongrani proceeded to go around Italy asking for donations to help hold the race. Bongrani's efforts were largely successful, he had procured enough money to cover the operating costs. Prize money was supplied by a casino in San Remo who Francesco Sghirla, a former Gazzetta employee, encouraged to contribute to the race. Even Corriere, La Gazzetta's rival, gave 3,000 lire to the race's fund. On 13 May 1909 at 02:53 am 127 riders started the first Giro d'Italia at Loreto Place in Milan. The race was split into eight stages covering . A total of 49 riders finished, with Italian Luigi Ganna winning. Ganna won three individual stages and the General Classification. Ganna received 5,325 lire as a winner's prize, with the last rider in the general classification receiving 300 lire. The Giro's director received only 150 lire a month, 150 lire fewer than the last-placed rider. The first Giro was won by Luigi Ganna, while Carlo Galetti won the two following Giros. In 1912, there was no individual classification, instead there was only a team classification, which was won by Team Atala. The 1912 Giro is the only time the competition has not had an individual classification. From 1914 onwards the scoring format was changed from a points-based system to a time-based system, in which the cyclist who had the lowest aggregate time at the end of the race would win. The Giro was suspended for four years from 1915 to 1918, due to the First World War. Costante Girardengo was the winner of the first Giro after the war in 1919. The dominant figure in the 1920s was Alfredo Binda, who won his first