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
Recognise your inner strength to contribute towards nation building: Rajasthan CM tells youngsters
AFI to make coach registration mandatory from this year, track down 'hideouts' to tackle doping
Himachal govt considering to create three separate directorates of education: CM Sukhu
Hyderabad Toofans trounce Vedanta Kalinga Lancers 5-1, climb to second spot
Police issues 2 notices to AAP MLA over connection with illegal Bangladeshi immigrants syndicate
