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LeMond Cycling terminates Mercury team contract

In a three-sentence press release, LeMond Cycling announced that it has ended its contract with John Wordin Sports and the Mercury cycling team. Even when announcing the split, there were details that the two parties didn't agree on. The press release carried a June 12 date, but according to LeMond's manager, Warren Gibson, the termination was effective June 5. "Greg wanted the guys to get through the national championships," before the contact news was announced, Warren said. According to Wordin, the termination date is today, June 12, and said his office would distribute a

By VeloNews Interactive

In a three-sentence press release, LeMond Cycling announced that it has ended its contract with John Wordin Sports and the Mercury cycling team.

Even when announcing the split, there were details that the two parties didn’t agree on. The press release carried a June 12 date, but according to LeMond’s manager, Warren Gibson, the termination was effective June 5.

“Greg wanted the guys to get through the national championships,” before the contact news was announced, Warren said.

According to Wordin, the termination date is today, June 12, and said his office would distribute a press release.

Here’s the full text of the release sent on behalf of LeMond Cycling:

LeMond Ends Agreement with Mercury Cycling Team

Richmond, VA (12 June 2001) – LeMond Cycling, the endorsement company of Greg LeMond and Shadetree Sports, its cycling team contract partner, announce the termination of the co-title sponsorship arrangement with the Mercury Cycling Team, run by John Wordin Sports, due to certain conditions which were the foundation of the agreement that put them together.

LeMond Cycling and Shadetree Sports will be looking to energize an independent team for the next racing season.

The confidentially of the agreement does not allow for interviews at this time.