Italian footwear company Geox will take over sponsorship of ProTour team Footon-Servetto in 2011 and welcome Italy's Damiano Cunego.
Geox management and Swiss Mauro Gianetti, according to Italian paper La Gazzetta dello Sport, signed yesterday a five-year agreement worth €50 million.
Gianetti has held the Spanish ProTour licence since 2005 with team Saunier Duval. After the Riccardo Riccò doping scandal at the 2008 Tour de France, the team changed sponsors to Fuji and this year, Footon-Servetto.
In addition to Geox, Footon and Servetto will continue to sponsor Gianetti's team for 2011.
Geox owner, Mario Moretti Polegato is one of the wealthiest executives in Italy. The company based in Treviso had €865 million in sales last year, 60 percent coming from abroad. He joined Lampre as a sub-sponsor in March.
Instead of re-renewing their contracts, both Geox and Cunego will leave Lampre. Lampre has already signed Andrey Kashechkin and will likely welcome Michele Scarponi (fourth at the Giro d'Italia).
Cunego won the 2004 Giro d'Italia and the young riders white jersey at the 2006 Tour de France. In the last two years, he has aimed at for one-day wins and smaller stage races, scoring wins in the Giro del Trentino, Giro di Lombardia, the Amstel Gold, two stages of last year's Vuelta a España.
He will be joined by Italy's Fabio Felline, who made his debut in the Tour de France this month with Footon. The Italian newspaper also reported that Geox may sign 2009 Giro d'Italia winner Denis Menchov and HTC-Columbia's Michael Rogers.
Daniele Nardello and Stefano Zanini will remain as sports directors, joined by Claudio Corti. Corti ran team Saeco and, until last year, team Barloworld.
Both Corti's and Gianetti's sons (Marco and Noe) will likely continue in with Geox.
Today, Cunego celebrated the birth of his son Cristain. He is the second child for Cunego and his wife Margherita.
2011 Giro d'Italia to start in Turin with team time trial
Damiano Cunego: Rider Profile
Thank you for reading 5 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1
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.
Alejandro Valverde involved in hit and run incident during training in Spain
Movistar confirm rider suffered no fractures or other injuries
By Tom Thewlis • Published
Vos extends her record with a 31st Giro Donne stage victory
Elisa Balsamo retains the overall lead despite only managing third place on another scorching day in Sardinia
By Owen Rogers • Published