Main Team CSC-Saxo Bank sponsor goes bust

Denmark's cycling icon Bjarne Riis' main sponsor, The IT Factory, has gone bankrupt.
Denmark's cycling icon Bjarne Riis' main sponsor, The IT Factory, has gone bankrupt.
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The IT Factory, which was supposed to have been Denmark's cycle sport icon Bjarne Riis' main sponsor for his CSC-Saxo Bank team as of January 1, has been declared bankrupt. The company chairman Asger Jensby has confirmed the bankruptcy.

According to TV2, the company's CEO Stein Bagger is being sought by Interpol, allegedly according to several media reports for fraud, after disappearing following a vacation in Dubai with his wife.

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