Bayer Leverkusen looking for new sponsor

Published Jun. 3, 2011 9:38 a.m. ET

foxsports

Bundesliga runner-up Bayer Leverkusen is looking for a new sponsor following the withdrawal of an energy company from its existing sponsorship deal due to financial difficulties.

Leverkusen said Friday that electricity supplier Teldafax - the club's main shirt sponsor since July 2007 - wants to save around ?13 million ($18.7 million) from the remaining two years of its contract with the team to ''bolster the company.''

The club did not give any further details.