Vacansoleil-DCM team looking for new sponsor beyond 2013

Camping holiday company Vacansoleil has confirmed that it will not renew its sponsorship of the WorldTour team that bears its name after the 2013 season, the squad's management announced on Wednesday.

The team issued statement saying that Vacansoleil had 'reached their sponsorship goals' and did not wish to continue beyond 2013. Vacansoleil have sponsored the squad for five years, since the 2009 season.

On Tuesday, co-sponsor DCM also confirmed that it would not continue supporting the team after this season. It leaves the Netherlands-based team seeking a new financial backers if it wishes to continue into 2014.

"The fact that Vacansoleil reached their goals in five years is a shame in one way since they quit but also a big compliment to the team," said Team manager Daan Luijkx.

"We are proud on the investment they dared to undertake due to the fast growth and we were blessed with the sincere commitment. They had a lot of confidence in the team and understood cycling while they kept a clear border between sports and commercial interest."

Victories have been hard to come by for Vacansoleil-DCM this season, with just two wins - Thomas De Gendt's stage win in the Tour of Catalonia and Lieuwe Westra's victory in the opening stage of the Tour of California this week. The squad currently lies second-to-last in the Union Cycliste Internationale (UCI) WorldTour rankings.

De Gendt gave the squad one of its best results in recent years when he won a stage and placed third overall in last year's Giro d'Italia.

The team is also currently home to Johnny Hoogerland, Juan Antonio Flecha, Wout Poels, Boy van Poppel, Barry Markus and Kenny van Hummel.