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Portuguese federation secures rider payments

By:
John Stevenson
Published:
May 31, 2005, 1:00 BST,
Updated:
April 20, 2009, 23:57 BST
Edition:
First Edition Cycling News for May 31, 2005

The Portuguese cycling federation has paid the bank guarantee of the Team Beppi-Ovarense to two of...

The Portuguese cycling federation has paid the bank guarantee of the Team Beppi-Ovarense to two of the team's riders - Jordi Berenguer and Oscar Romero - who were owed five and six months' salary, according to the riders' management company.

In a statement, the riders' management company Team Sport Managers expressed its satisfaction at the outcome, but said it was concerned that the bank guarantees required by national federations for Continental teams (previously Division III) were not sufficient to cover all the payments a team must make in a year.

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