Cancellara re-ups for three years at Saxo Bank

Time trial world champion Fabian Cancellara has renewed his contract with the CSC-Saxo Bank team for three years, the team announced Friday. The Swiss rider was rumoured to have been offered twice as much to join Oleg Tinkov's new Katusha squad, but turned it down to stay with the team of Bjarne Riis.

"It means a lot to me that my future is secure with Team CSC Saxo Bank. This is where I belong and where I can reach my potential in the best possible way," Cancellara said. "When I reflect on the way I've evolved since joining the team and the things I've been through and everything the team and Bjarne have done for me, I'm totally convinced that I can be even better yet. I look forward to the next three years with my team-mates and the results we're going to achieve together."

Manager Bjarne Riis was happy that Cancellara re-signed. "Fabian is without question one of the best riders in the entire world and has been a part of some of the greatest results in the history of this team." Cancellara not only won the world championships twice while riding for the team, he also scored wins in major races like Paris-Roubaix, Milano-Sanremo as well as two stages of the 2007 Tour de France and a seven day stint in the yellow jersey.