Alexa

Riis reveals new sponsor for Danish cycling team after CSC quits over doping

Riis reveals new sponsor for Danish cycling team after CSC quits over doping

Former Danish cyclist great Bjarne Riis announced Tuesday that an investment bank will replace CSC as his team's main sponsor for the next three years.
The Danish Internet-based Saxo Bank will replace Computer Sciences Corp., which has said it will end its eight-year relationship in December after several doping scandals.
Last year, Riis _ who now manages the team _ admitted he had used the performance-enhancing drug EPO from 1993-1998, including when he won the Tour de France in 1996. He retired from racing in 2000.
Saxo Bank chief executive Lars Seier Christensen said Riis' team had "the toughest anti-doping program" in cycling. "One has to win by being honest," he said.
Copenhagen-based Saxo Bank and Riis Cycling, which owns the team, declined to disclose financial details.
Riis said his team will continue as Team CSC-Saxo Bank until the end of 2008 after which it will drop CSC from its name.
T-Mobile and Discovery Channel also ended their cycling team sponsorships last year after doping revelations.