With an
estimated budget of nearly $18 million this year, T-Mobile was by far the biggest operation in cycling. Deutsche Telekom first sponsored the team, under different management, in 1991. The announcement
follows the collapse of the Discovery Channel team earlier this year. That team--partly owned by Lance Armstrong--was unable to recruit a sponsor to replace Discovery.
Cycling's current inability to lure major sponsors is a potential financial disaster "The visibility these issues have in Germany is enormous," says Bob Stapleton, who took over as GM and owner of the T-Mobile team last year. "This is 50 times Barry Bonds."
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