Saxo Bank team loses SunGard sponsorship

Alberto Contador on front, Saxo Bank, Tour de France 2011, team time trial training

Alberto Contador's team lost an important financial backer, SunGard. The team's general manager, Bjarne Riis announced today that Saxo Bank will take over full sponsorship for 2012 as SunGard ended its agreement.

"The parties have agreed for SunGard to step down," Riis said in a press statement. "The agreement has no influence on the 2012 team budget."

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Gregor Brown

Gregor Brown is an experienced cycling journalist, based in Florence, Italy. He has covered races all over the world for over a decade - following the Giro, Tour de France, and every major race since 2006. His love of cycling began with freestyle and BMX, before the 1998 Tour de France led him to a deep appreciation of the road racing season.