“So how many more will follow? Could this be True? My guess is that most sponsors will be rethinking their support of cycling. But it might not be all bad. Less teams better overall riders per team? I am not sure how to take this news, but the 2008 season is starting to look like it should be very interesting”. by VeloGuy

Longtime French cycling sponsor Cofidis has told team officials to start looking for a new sponsor because the French phone credit network will not extend its sponsorship when its contract ends at the conclusion of the 2008 season.

According to reports on the French wires, Cofidis patron and cycling fan Francois Migraine cited rising costs of the ProTour requirements as well as the fallout from the so-called Cofidis Affaire that swamped the team in 2004. (as reported by VeloNews)