Bjarne Riis confirms SunGard to replace Saxo Bank as team sponsor

Saxo Bank manager Bjarne Riis announced a new co-title sponsor for his team Monday as Tour de France contender Andy Schleck refused to speculate on his possible departure from the team.

Saxo Bank announced last year that they would end their funding of Riis’s outfit at the end of 2010.

And after a long drawn-out search Riis, who two years ago admitted to taking performance-enhancing products to win the world’s biggest bike race in 1996, appears to have found a replacement in Sungard.

Sungard is an information technology (IT) company which is already one of the team’s several sponsors and their arrival means Riis’s team are guaranteed “another two-years” of survival.

“Sungard are ready to step up, and they will be a very important sponsor for us for next year – as a co-title sponsor. We have made an agreement with another company, as a co-title sponsor,” said Riis.

“I cannot announce the name right now, because of the business strategy for this company. This has to be done later.”

Schleck, who is rumored to be leaving Saxo Bank with his brother Frank for an as yet unnamed team to be run by former Saxo Bank sports director Kim Andersen, said he would not speculate on such a move.

“I’m happy for Bjarne, but I’m not here to speculate on my future,” said the Luxemburger.

Andy Schleck’s brother Frank crashed out of the race on stage three.