Saxo Bank ends sponsorship of Tinkoff team

Saxo Bank has confirmed it will not sponsor the Tinkoff team in 2016, ending an eight-year relationship with the team created by Bjarne Riis and now owned by Russian businessman Oleg Tinkov. As revealed by the UCI and more recently by Tinkov in an interview with Cyclingnews, Tinkoff will be the team’s solo title sponsor in 2016, with the Russian bank funding much of the budget...
Via Cycling News
October 15, 2015  |  Discuss

Tinkov: 'Riis has no real money to buy the team'

Oleg Tinkov has dismissed Bjarne Riis’ reported plans to buy back the team from the Russian businessman, suggesting that the former team manager is “Persona non grata like Lance Armstrong.” Tinkov told Cyclingnews that he would consider any offer above the €4.5 million he paid the Dane to acquire the team in 2013 but does not believe Riis has the funds or sponsors in place...
Via Cycling News
October 12, 2015  |  Discuss

Tinkov denies dealing with Riis to sell back WorldTour team

Ekstra Bladet reports today that Bjarne Riis has offered to buy back the WorldTour team he sold to Oleg Tinkov in 2013, but the report was swiftly countered by the Russian oligarch. The Danish magazine cites several sources close to the team and Riis that a deal is in the works, but Tinkov himself responded to the news to Cyclingnews. "I don't know what crazy Danish journalists...
Via Cycling News
October 07, 2015  |  Discuss

Report: MTN-Qhubeka and Trek turn down Riis’ sponsorship offer

Danish newspaper BT has reported that the MTN-Qhubeka and Trek Factory Racing team have both turned down an offer of sponsorship and management involvement from Bjarne Riis and Saxo Bank for 2016. The Danish newspaper claims that Riis is actively working to make a return to professional cycling in 2016 after leaving the Tinkoff-Saxo bank team following a falling out with owner Oleg...
Via Cycling News
August 18, 2015  |  Discuss

Riis agrees with report about drugs on cycling team

COPENHAGEN, Denmark (AP) Former manager Bjarne Riis said Friday he agrees with a report by Denmark's anti-doping agency that concluded he deliberately ignored drug-taking by riders on the former Team CSC. ''The bottom line unfortunately is that the conclusion of the reports is correct. There is no doubt about that. I have not lived up to my responsibility,'' Riis said in a statement...
Via Associated Press
June 26, 2015  |  Discuss

Anti-doping report: Riis knew about drugs on cycling team

COPENHAGEN, Denmark (AP) A report by Denmark's anti-doping agency says Bjarne Riis chose to ignore drug-taking by riders on the former Team CSC. Michael Ask, head of Anti-Doping Denmark, says Riis ''failed to intervene,'' and ''it is totally unacceptable.'' The 97-page report published on Tuesday was based on 50 interviews with present and former riders, aides, and officials, including...
Via Associated Press
June 23, 2015  |  Discuss

Tinkoff-Saxo ends Bjarne Riis contract

COPENHAGEN, Denmark (AP) Team Tinkoff-Saxo has terminated the contract of manager Bjarne Riis with immediate effect. The Russian-owned cycling team, which is based in Denmark, issued a statement Sunday saying it has ''reached a mutual agreement'' with Riis. Tinkoff-Saxo said it will unveil early next week the new sporting structure of the team that Riis created after ending his...
Via Associated Press
March 29, 2015  |  Discuss

Riis sells cycling team to Russian businessman

The cycling team with two-time Tour de France champion Alberto Contador on the roster has been bought by Russian businessman Oleg Tinkov. It will be known as Tinkoff-Saxo for the next three years. Tinkov's purchase of Riis Cycling was confirmed Monday at a news conference in London. Bjarne Riis will stay on as general manager of the team, with Danish investment specialist Saxo...
Via Associated Press
December 02, 2013  |  Discuss

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