After Bjarne Riis and Tinkoff-Saxo mutually agreed to terminate the Dane’s contract at the team, there have been rumours that Saxo Bank, who has sponsored the team since 2008, would pull their sponsorship.

Saxo Bank CEO Lars Seier Christensen has today denied the reports that sponsorship would not be continued after this season.

"I don't know where people find inspiration for this kind of articles," Seier wrote on Facebook. "We have a one-year contract for 2015, as always, and I can categorically deny that we have taken any decision about 2016. The decision will be, as always, taken during the autumn, and will, as always, depend on the results, the value of branding, and what is the price of alternatives. Nothing new there."

Seier has largely supported the team due to his great friendship with Riis, but since the Dane left the team after numerous disagreements with owner Oleg Tinkov, many thought it may end the Saxo Bank era in cycling.

Tinkov himself was surprised at the story, writing on Twitter, "It seems that journalists know more than I do. We appreciate the sponsorship of Saxo Bank and are proud to have them on board. We will stay together."