The Canadian Pro Continental Spidertech-C10 squad announced on Friday that it was “postponing racing activities” for 2013.
“We’re stepping away from continental competition in order to focus our efforts on gaining UCI WorldTour status,” said Steve Bauer, owner of Cycle Sport Management Inc. “We have made the decision to focus our efforts entirely on making the jump to the WorldTour in 2014 and have determined that we need to acquire additional financial partnerships to reach this goal.”
The team was missing from the UCI’s roster of 2013 Pro Continental squads last month. When contacted by VeloNews at that time, a team spokesperson said that the squad was expecting to cement a new presenting sponsor prior to the final registration deadline of November 1. That search appears to have stalled and the team will not field an international roster next season.
“CSMI has recently made headway with several potential Canadian corporate sponsors, however more time is required to secure partnerships and solidify future financial commitments,” the team said in a statement on Friday. “CSMI will continue its operation with SpiderTech Inc. as a partner to develop the internal organization.”
Spidertech is home to Americans Lucas Euser, Caleb Fairly, Pat McCarty and Björn Selander, and Canadians including Will Routley, David Boily and Zach Bell. U.S. road champion Timmy Duggan signed with the team for the 2013 season.
Euser and Duggan were not immediately available for comment.