Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » Cycling Road – Armstrong maneuvering to take over Astana
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Lance Armstrong has received “high interest” from sponsors willing to back his cycling team if he takes over control of financially strapped Astana.

Astana receives most of its financial support from Kazakh state holding company Samruk-Kazyna, but the Central Asian nation’s economy has been badly hit by the global financial crisis. The team has not paid its employees lately.

“Considering the economy and considering global sports sponsorships … it’s a tough climate for all that stuff. We’ve had high interest,” Armstrong told The Associated Press on Thursday as he prepared for the start of his first Giro d’Italia—which he says has no illusions about winning…  Details

This entry was posted on Thursday, May 7th, 2009 at 2:24 pm and is filed under Cycling, Road Bike. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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