Upsolut Sports of Hamburg, Germany, has denied that the Legardere Group, a French conglomerate, has bought it. Upsolut is a sports marketing company which organizes the Deutschland Tour and the Hamburg Cyclassics. Among its other interests, Legardere owns one-fourth of Amaury Sport Organisation (AS),which organizes a multitude of cycling races.
Spiegel magazine this week issued an article titled, "Lagardere buys Upsolut Sports AG. "That headline does not reflect the current facts. If that should change in the near future, then we will publicly announce that in our usual manner," Upsolut spokesman Michael Hinz told radsport-aktiv.de.
