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Volksbank extends sponsorship

Despite all the bad press cycling has received this year, another sponsor has declared its trust in cycling and extended its contract to support its team. The Austrian Volksbank has extended its sponsorship of the same-named Professional Continental team through 2008, with an option to continue.

"I am relieved and happy that we have agreed so soon," said team manager Thomas Kofler. "Now we can make our plans. There is a lot to do. We have goals which require our full concentration."

The renewal of Volksbank comes along with other big-name sponsor renewals such as Nordmilch (Milram), T-Mobile and Cofidis who announced their continuing support in face of the numerous doping positives of this season, indicating that companies have faith that cycling is cleaning up its act.

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