| 09/28/2001 | Team Diamondback/Raleigh EndsBicycle Business has reported that after 110 years or sponsoring bicycle teams, Raleigh has announced that their teams have been permanently suspended. This follows the announcement last year that all Raleigh team riders would become Team Diamondback riders because of the better name recognition that Diamondback had.
Team manager Gary Coltman - with Raleigh either as a rider or team manager for ten years - is in the process of informing sponsors. Coltman was told of the suspension on Monday, although he has known it was on the cards for the past six months.
Riders will now be looking to join new teams. Their contracts expire at the end of December.
Top-end DBR bikes have also been suspended. Diamondback in Europe becomes a low end to mid end brand only.www.diamondback.com
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