Team Spidertech Suspends Racing in 2013

Doug Pensinger, Getty Images

Focus on securing sponsorship for 2014 WorldTour bid

Team Spidertech - the upstart professional continental team based out of Canada that had been making large strides towards becoming competitive in the highest level of racing - announced earlier today that it was suspending racing for 2013. The team's manager, former yellow jersey wearer Steve Bauer, denied the team was folding and said the decision was made in order to focus on securing sufficient corporate sponsorship to make a bid for a WorldTour license in 2014. This would guarantee the team full access to the biggest races on the calendar, including the five classics monuments and all three grand tours.

The effect the suspension of racing will have on riders with contracts to race in 2013 is unclear. The team had several notable riders on its roster, including the returning promising climber Lucas Euser and new signee Timothy Duggan, the United States national champion in the road race. The team's twitter says most riders have been placed on other teams for the upcoming year, including Duggan.

Though the timing of the announcement - right after the US Anti Doping Agency released its overview of its suspension of Lance Armstrong - may indicate trouble retaining sponsors wary of an investment in a troubled sport, the team asserts this is not the case.

NEW: Team manager Bauer has confirmed that the team is honoring all financial agreements with riders who had contracts or verbal agreements with the team, which should make it much easier to help place riders at other teams.

Full press release is available here.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Podium Cafe

You must be a member of Podium Cafe to participate.

We have our own Community Guidelines at Podium Cafe. You should read them.

Join Podium Cafe

You must be a member of Podium Cafe to participate.

We have our own Community Guidelines at Podium Cafe. You should read them.

Spinner

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.