According to VeloNews, Phonak owner Andy Rihs is ready to throw in the towel. He has no sponsor for his team for the coming year after too many doping cases, topped off by Floyd Landis testing positive after his Tour de France victory.
iShares, a division of Barclay Bank, was scheduled to take over as the main sponsor. USA Cycling President Jim Ochowicz, who works for Barclays and is a consultant to Rihs' ARcycling AG, was supposed to manage the team. Butut according to Blick magazine, the company has backed out.
Rihs is looking for a new sponsor to save the team. You may remember that Landis dedicated his Tour vidtory to Rihs. There will be a press conference on Tuesday to announce Phonak's future.
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Sunday, August 13, 2006
Tour Sponsorships At Risk II
According to VeloNews, Phonak owner Andy Rihs is ready to throw in the towel. He has no sponsor for his team for the coming year after too many doping cases, topped off by Floyd Landis testing positive after his Tour de France victory.
iShares, a division of Barclay Bank, was scheduled to take over as the main sponsor. USA Cycling President Jim Ochowicz, who works for Barclays and is a consultant to Rihs' ARcycling AG, was supposed to manage the team. Butut according to Blick magazine, the company has backed out.
Rihs is looking for a new sponsor to save the team. You may remember that Landis dedicated his Tour vidtory to Rihs. There will be a press conference on Tuesday to announce Phonak's future.
iShares, a division of Barclay Bank, was scheduled to take over as the main sponsor. USA Cycling President Jim Ochowicz, who works for Barclays and is a consultant to Rihs' ARcycling AG, was supposed to manage the team. Butut according to Blick magazine, the company has backed out.
Rihs is looking for a new sponsor to save the team. You may remember that Landis dedicated his Tour vidtory to Rihs. There will be a press conference on Tuesday to announce Phonak's future.
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