The much heralded Luxembourg cycling team, henceforth known as Team Leopard-Trek, was launched on 6th January.
The new team, which boasts key riders Andy Schleck and Fabian Cancellara, unveiled three sponsors: bike manufacturer Trek, which takes a co-title position, Luxembourg's national carrier Luxair, and Luxembourg-based energy company Enovos.
Reports suggest that Trek will be paying anywhere between US$3 million to US$4 million for their place in the team, made up of both cash and value in kind.
Luxair and Enovos, which both have discreet logo positions on the team's new jersey, will be paying significantly less.
According to multiple reports, much of the team's €15 million annual budget over the next four years will be provided by Flavio Becca, a 48-year old Luxembourg businessman who made his fortune in real estate.
Becca is friends with the Schleck brothers and their father. "They proposed the idea to create this structure," he told La Gazzetta dello Sport, "and I did not miss the opportunity."
It remains to be seen whether Becca, who has strong links with fast food giant Quick and supermarket chain Auchan, plans to bring in another title sponsor to run alongside Trek.
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