Saxo Bank, the online multi-asset trading and investment specialist, has announced that it has decided it will not renew the sponsorship of the Tinkoff-Saxo professional cycling team for another season.
Lars Seier Christensen and Kim Fournais, co-CEOs and co-Founders, Saxo Bank, said:
“It has been a privilege working with the team over the past eight seasons and we are extremely proud of the numerous successes we have achieved together during this time. We would like to thank both the current team as well as the heroes from the past, from Bjarne Riis over Alberto Contador, Peter Sagan, the Schleck Brothers, Fabian Cancellara, Carlos Sastre to Matti Breschel, Chris Anker Sørensen and all the other riders whose passion and integrity have boosted the teams and our own brand as a sponsor both in Denmark as well as globally”
“We would especially like to thank Oleg Tinkov, the team’s current owner, and the management of Team Tinkoff-Saxo for the partnership. We look forward to finishing the season in style together as cycling will always have a special place in our hearts and we wish the team continued success”.
Saxo Bank has been reported to be working with former Tinkoff-Saxo manager Bjarne Riis on his possible return to cycling. A few weeks ago, Danish newspaper Ekstra Bladet announced that the Dane was planning to buy his team back from current owner Oleg Tinkov. Tinkov has told Cyclingnews that he is ready to sell the squad but he doubts that Riis and Saxo Bank have the money to complete the deal.
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