Former Lance Armstrong Ally Trek Acquires Tour Team
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Bicycle makers Dorel Industries Inc. and Trek Bicycle Corp. are investing in Tour de France teams as doping scandals scare off companies outside sports.
Dorel took a 35 percent stake in a squad that since January bore the name of its Cannondale brand. Trek, which ended its sponsorship of Lance Armstrong when the U.S. Anti-Doping Agency showed he cheated in winning cycling’s biggest race a record seven times, said June 26 it will take over the RadioShack team in 2014. They’re following BMC Trading AG, whose rider Cadel Evans won the 2011 Tour de France.