COPENHAGEN, Denmark (AP) — American software company SunGard says its move to stop sponsoring Danish cycling team Saxo Bank-SunGard from next year is a “business decision.”
Sungard spokesman George Thomas praised the “successful partnership” and stresses the decision was “not related to the team,” which contains three-time Tour de France champion Alberto Contador.
Danish Internet-based company Saxo Bank said Wednesday in a statement that it will become the sole sponsor of the outfit in 2012, with the name changing to Team Saxo Bank.
SunGard, a Pennsylvania-based company, signed a one-year sponsorship deal with the Danish team last year. The deal had been renewed for 2011 and 2012.
