No.....
Your options are 1) set-up own company, 2) Change his mind
To change his mind, i'd suggest you try to figure out if he understands what is being asked:
- Financially (there are financial benefits to the employer too)
- Administrative workload (self run, or outsourced to cyclescheme etc). Both arent that hard.
As an aside, if you, or your colleagues are cyclists and valued employees, you can play with him insecure. In negotiations should always think about their BATNA's (Best Alternatives to Negotiated Agreement) i.e if you can't agree, then what happens? If you can gently and subtly make him worry that it's in his interests to let you win, then it puts you in a more powerfull position. Howvere, be carefull if his batna is stonger than yours, you are in a weak postion.