Saxo Bank have announced today that they will not be sponsoring the Tinkoff team in 2016. They have been sponsoring the team, created by Bjarne Riis, since 2008 when the team became CSC-Saxo Bank.

Since then, they have won the Tour de France with both Carlos Sastre and Andy Schleck, and both the Giro and Vuelta with Alberto Contador. The team have also won numerous classics, most notably with Fabian Cancellara taking wins in the Tour of Flanders, Paris-Roubaix and Milan-San Remo.

“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,” Lars Seier Christensen and Kim Fournais, co-CEOs and co-Founders of Saxo Bank, said in an official announcement.

“We would like to thank both the current team as well as the heroes from the past, from Bjarne Riis over Alberto Contador, Peter Sagan, the Schleck Brothers, Fabian Cancellara, Carlos Sastre to Matti Breschel, Chris Anker Sørensen and all the other riders whose passion and integrity.”

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