Contador's team lose key sponsor Saxo Bank

Two-time Tour de France winner Alberto Contador's elite cycling team Tinkoff-Saxo has lost its sponsor Saxo Bank, as the Danish online traders announced they would sever ties on Thursday. The team also features the crowd pleasing superstar Peter Sagan, who is the world road race champion, but with the firing of Danish team manager Bjarne Riis in March, fears Saxo Bank would end its sponsorship developed into reality. "It has been a privilege working with the team over the past eight seasons and we are extremely proud of the numerous successes we have achieved together during this time," co-chief executives Lars Seier Christensen and Kim Fournais said in a statement.