Team Volksbank has been granted its Pro Continental license for another year, it announced Thursday. The UCI granted the license after an examination of the team's finances, including rider and sponsor contracts. The team provided a bank guarantee of 300,000 Swiss Francs to cover the riders' salaries.
Volksbank now has 14 riders under contract and is conducting further negotiations. Team Manager Thomas Kofler said, "We did our homework to everyone's satisfaction and established a good basis for new and even bigger successes -- a good platform for a super cycling year in 2007.
Thank you for reading 5 articles in the past 30 days*
Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read any 5 articles for free in each 30-day period, this automatically resets
After your trial you will be billed £4.99 $7.99 €5.99 per month, cancel anytime. Or sign up for one year for just £49 $79 €59
Join now for unlimited access
Try your first month for just £1 / $1 / €1
