Sungard to stop co-sponsoring Danish cycling team
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.