20 October,2012 06:24 AM IST | | AFP
The world of cycling suffered a major blow yesterday as Rabobank said it would stop sponsoring professional cycling at the end of this year, in the wake of the US Anti-Doping Agency (USADA) report on the use of banned substances in the sport.
"We are no longer convinced that the international professional world of cycling can make this a clean and fair sport," the Dutch bank's chief financial officer, Bert Bruggink, said as he announced the end of its 17-year backing.
"We are not confident that this will change for the better in the foreseeable future," a statement quoted him as saying. Rabobank said the "inevitable" decision came following the USADA report on Lance Armstrong which was published last week and put the seven-time Tour de France winner at the heart of the biggest doping programme in the history of sport.u00a0
ALSO READ
Yunus accuses Sheikh Hasina of destroying Bangladesh's institutions
Israeli missile strike on Gaza humanitarian area kills at least 40: Palestinians
Spanish PM visits China to shore up trade & cultural ties amid EV tariff spat
Boeing's capsule returns to Earth as 2 astronauts are left behind in space
Vladimir Putin in constant contact with India, China, Brazil over Ukraine war
