Cycling-Saxo Bank extends team sponsorship into 2012

Reuters

Tue, 21 Jun 14:51:00 2011

Denmark-based investment bank Saxo Bank has extended its lead sponsorship of the cycling team that three-times Tour de France champion Alberto Contador rides for into 2012, it said on Tuesday.

The bank will continue its sponsorship with technology group SunGard of the Saxo Bank-SunGard team, managed by 1996 Tour de France champion Bjarne Riis.

"We have a genuine desire to support Bjarne and provide the team with the necessary resources it takes to stay on top," Saxo Bank's founders and chief executives Kim Fournais and Lars Christensen said in a statement.

Earlier this month, Contador confirmed he would ride in next month's Tour de France, ending speculation the Spaniard might skip the event.

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