1. Russian Business tycoon buys Contador’s team

Riis Cycling, fondly known as Alberto Contador’s team, has come under a new ownership lately – Russian business tycoon Oleg Tinkov is the man who has signed up a deal as the new buyer of the famous team.

Riis Cycling has been re-christened as “Tinkoff-Saxo” & would stay entitled so for the coming three years.

The new ownership for Riis was confirmed a couple of days back at a London based press conference.  The esteemed Danish team has got the “Saxo” name from its secondary sponsor, the Russian Saxo Bank, which has shared the sponsorship obligations with the Russian business magnet. Interestingly, the team was branded as “Saxo-Tinkoff” earlier in 2003 yet the new purchase brought a change in the name order. Tinkoff Bank withdrew from the team this October given a bitter season straddling with the famous Spaniard rider, leaving Saxo as the principal sponsor for a while.

Tinkoff-Saxo aims to be the world leader with the 2 times Tour France champion Alberto Contador as the spearhead for the 2014 season.

Stefano Feltrin has been selected as the new CEO of Contador’s newly re-branded team while Bjarne Riis is supposed to stay on the team’s GM.

While approached to speak a few words on the new ownership secured by the team, the general manager confirmed content and great satisfaction with the latest deal. According to his statements, this new deal has assured “long-term stability for the team” that “presently has the foundation and funding to go as one of the major players on the esteemed world circuit letting a further raise in our ambitions.”

“With this deal, I firmly believe that Tinkoff Sport has been able to secure best probable foundation & setting that could duly assist to materialize our aim to come up as grandest cycling team across the world- over the upcoming 3 years”, stressed Mr. Oleg Tinkov.

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