CCC looking to 'reduce or withdraw' sponsorship of team one year early

The Polish footwear company are currently experiencing financial problems related to the coronavirus pandemic

CCC (Photo by Tim de Waele/Getty Images)

(Image credit: Getty Images)

CCC's sponsorship of their WorldTour team could be "reduced or stopped" as the Polish footwear giant run into serious financial issues related to the coronavirus pandemic.

Dariusz Miłek, the founder of CCC and apparent fourth richest person in Poland, has said hard decisions will be made in the coming weeks as CCC's revenue fell nine per cent and the company share price is just 90 per cent of its 2018 level. Miłek has suggested cost-cutting will be severe, using the anology that they will be made with an axe rather than a penknife.

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