The Sony Ericsson company has confirmed the news that it will not be sponsoring Giancarlo Ferretti's new cycling team. In a brief statement on its website, Sony Ericsson said, "There have been a number of press reports across Europe speculating that Sony Ericsson will sponsor a cycling team. Sony Ericsson can confirm that these reports are not true and we have no intention to be involved in sponsoring such a team."
Riders such as Gilberto Simoni, Stuart O'Grady, Matt White, Salvatore Commesso and Cristian Moreni will now have to find another team for next year, after the deal vanished.
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