Bike King pulls sponsorship

After a successful entry into the Australian cycling scene in 2007, the Queensland-based Bike King cycling team has lost its title sponsor for the rest of the 2008 season. Bike King cites a lack of available funds for the termination of its deal with the Continental team.

For the remainder of the season the team will be run by Jeremy Betts, who had left his role as manager at the beginning of this season to take up a spot on the team as a rider.