Saxo Bank will not renew Tinkoff sponsorship in 2016

Co-CEOs Lars Seier Christensen and Kim Fournais announce that Saxo Bank will withdraw from sponsoring cycling after eight years in the sport

Tinkoff-Saxo chases on stage four of the 2015 Tour of Spain (Watson)

(Image credit: Watson)

Long-term cycling sponsor Saxo Bank has announced it will not be renewing its partnership with the Tinkoff team in 2016, ending an eight-year association with the outfit.

The decision comes as little surprise, as the team requested a WorldTour licence simply under the name Tinkoff for next season, with rumours that the Danish Bank would pull out circulating for months.

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