CSC jersey 2008

As CSC-Saxo Bank team boss Bjarne Riis starts his search for a new co-sponsor, details of the collapse of IT Factory have slowly emerged. Riis announced on Monday that he had lost his second sponsor after the Danish company filed for bankruptcy following the disappearance of the Chief Executive Officer.

As the scandal unravels itself there is still no more definitive news on the whereabouts of CEO Stein Bagger and the 500 million kroners (£57 million) he has allegedly embezzled.

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