Alberto Contador and Nicolas Roche to join forces in new pro cycling team
Former Tour de France champion Alberto Contador will front a newly bought-out team in the 2014 season after Riis Cycling was snapped up by Russian businessman Oleg Tinkov.
The deal for the Denmark-based team was confirmed on Monday and sees the company rebranded as Tinkoff Sport, with the team to be known as Tinkoff-Saxo and setting the target of becoming world leaders.
It was named Saxo-Tinkoff in 2013, as Tinkov's Russian bank shared sponsorship with Saxo Bank, but the purchase of the company means the names change order.
Stefano Feltrin becomes chief executive and former team owner Bjarne Riis has agreed a three-year to stay on as team manager.
Tinkov said in a statement from the team: "With this agreement I believe Tinkoff Sport have secured the best possible foundation and set-up to reach our goal of becoming the greatest cycling team in the world over the course of the coming three years.
"This is going to be a big investment for Tinkoff Sport, but I have no doubt it will be great value for money."
As well as Spaniard Contador, the team's roster includes Ireland's Nicolas Roche, who was a stage winner on the Vuelta a Espana this year and is son of former Tour de France winner Stephen Roche.