Dutch furniture company Löwik will stop its cycling sponsorship at the end of this season, according to the Twentsche Courant. Company owner Harrie Löwik, whose son Gerben rides for Rabobank, said that he regrets the decision that he made for budgetary reasons, but he doesn't rule out a return in future. "If everything is in order in the business in a few years, then sponsorship will definitely come back into our policy," he said. "This is not a final departure."
The Löwik/Van Losser team manager Han Vaanhold added that the team would likely continue, but only as a Continental Team with Van Losser as the main sponsor. "The team will remain in existence and we will remain a team where young riders can train in order to make a step higher up. We don't pay, but riders have a very good program with us."
