riis continues search for new team sponsor   Riis Continues Search for New Team Sponsor

Bjarne Riis is still on the lookout for a replacement to Saxo Bank which has served as the main backer of his cycling team. However, team director Trey Greenwood has revealed that a new Danish company has expressed interest in taking over the reins as team sponsor.


Which should be good news for Riis, since a previous meeting with another potential Danish sponsor did not go as well as he had hoped. As for the current team sponosr, Saxo Bank was expected to continue until the end of the 2011 season, at least, but had opted to leave the team early, which left Riis with no other choice but to let several of his riders go. However, it was not the end of the world for the team, since Riis was still able to hold on to Andy and Frank Schleck, plus multiple world TT champ Fabian Cancellara, includng some other big names in cycling.


Greenwood says that they have always assured their riders that they could concentrate on their own jobs, since the company was doing the best that it can to find and sign a new sponsor for the team. He adds that several overseas companies had expressed interest as well, although no final decisions have been made yet.


Greenwood says that contrary to earlier reports, the team was not able to finalize a deal with Jakob Fugslang, and the rumor about the Schleck brothers and Cancellara leaving for a new team was also just a rumor.

Via Velonation