Contador signs with Riis Cycling

Saxo Bank and SunGard confirmed as main sponsors

Bjarne Riis of Denmark concentrates at Monte Carlo Bay hotel before participating in a training session on July 2, 2009 in the principalty of Monaco, two days ahead of the start of the 96th edition of the Tour de France

Bjarne Riis has revealed that Saxo Bank will continue to sponsor his cycling team alongside new sponsor SunGard in 2011, with Tour de France winner Alberto Contador joining the team. Riis announced the news today at a press conference in Copenhagen, Denmark.

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There has been huge speculation about Contador’s future and the name of Riis’ new backers in the last few days. Riis refused to reveal any details before the press conference but Danish television reported that Saxo Bank will put in approximately six million Euro for 2011. It is unclear if the trading and investment bank will continue their support beyond next year.

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