Saxo Bank becomes main sponsor

Updated: October 10, 2013, 1:06 PM ET
Associated Press

MADRID -- The cycling team featuring two-time Tour de France champion Alberto Contador will be sponsored by Saxo Bank next year.

The Danish investment bank has assumed the principal role after Tinkoff Bank pulled out following an acrimonious season working with Contador.

Saxo Bank founder Lars Seier Christensen says cycling provides "maximum reach at a reasonable cost."

Contador, who says he plans on riding in the Tour de France and Spanish Vuelta next year, said he's interested in Formula One driver Fernando Alonso's project to build a cycling team, but only after his deal with team owner Bjarne Riis ends in 2015.

Copyright 2013 by The Associated Press


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