Hans-Michael Holczer conceded defeat today, and announced that Team Gerolsteiner will officially end in December. The team manager has been unable to find a new sponsor, despite intensive efforts.
"We haven't been involved in any of the scandals. Despite the best references and promising perspectives, the trust and especially the willingness to take on such a project was missing in the interested parties, a project in which you could profit from a decade of investment and hard work," Holczer said on Radsport-news.com.
Gerolsteiner Brunnen GmbH announced in September 2007 that it would not renew its sponsorship contract which expires the end of this year. (SW)
Cyclingnews will have more on this story in the coming news editions.