The Danish Pro Continental Tour cycling team CULT Energy Pro Cycling is on the brink of financial collapse and are in desperate need of a second main sponsor.
Should the team be unable to find a name sponsor aside from CULT Energy, it will not be able to participate in the 2016 season, the team has revealed. In fact, the team may not even be able to afford finishing the current season.
“If we don’t get some capital from our network or from other sponsors, then we won’t be able to finish the season,” Allan Jørgensen, the head of communications, told Feltet.dk.
And finding a sponsor became even more difficult this week when general manager Christa Skelde was forced to resign due to stress-related health issues.
“Besides co-ordinating my usual managerial responsibilities, I have been working very hard on co-sponsor solutions for our team. So hard that my body has been sending clearer and clearer warning signs,” she said.
The team was also dealt a major blow in February when thieves stole every piece of the team’s gear, forcing the team to withdraw from the French stage race Tour du Haut Var.
Team CULT Energy, founded in 2000, has become Denmark’s leading cycling team when Bjarne Riis sold Team Tinkoff-Saxo to the Russian business man Oleg Tinkoff in late 2013.
Three Danes in Tour de France
In related news, it has been determined that three Danes will be taking part in the forthcoming Tour de France.
Michael Valgren will be racing for Team Tinkoff-Saxo, while Lars Bak (Lotto-Berisol) and Jakob Fuglsang (Astana) will also be taking part in the legendary stage race that begins on Saturday and continue until July 26.