Following an official announcement from the Valencian government, who have chosen to discontinue their sponsorship of the Comunidad Valenciana cycling team, the team indicated they will no longer race as of Sunday week, August 20, according to Cyclingnews.be.
After being excluded from the Tour de France and Vuelta a España based on the ongoing investigation known as 'Operación Puerto', incriminating former assistant sports director José Ignacio Labarta, the Valencian government said "it is no longer viable to project [the ideals of] sport through elite cycling". Instead, the government guaranteed the ongoing support of cycling oriented towards "the promotion of a healthy lifestyle".
Cyclingnews' recent coverage of 'Operación Puerto'
April 2, 2009 - Valverde indignant over possible suspension
April 1, 2009 - Valverde: Italy requests two-year suspension
March 13, 2009 - Le Monde newspaper hit with fine over Puerto allegations
March 2, 2009 - WADA president Fahey asks for Puerto evidence
February 24, 2009 - Spanish federation seeks access to Puerto blood bags
February 20, 2009 - CONI considers Valverde case while UCI awaits verdict
February 19, 2009 - Valverde under criminal investigation
February 11, 2009 - Valverde summonsed for Operación Puerto in Italy
February 8, 2009 - Eight charged in Operación Puerto