In response to malicious and unfounded rumours, Leopard SA, the company that owns the professional cycling team RADIOSHACK NISSAN TREK, through its Board of Directors, formally denies any situation that could be interpreted as close to collapse or to bankruptcy.
At its early start in professional cycling and at the time of its application for a 4 years UCI license, Leopard’s business plan anticipated an important loss to be covered by its shareholders for its first cycling season.
The financial accounts as of December 31st, 2011 are perfectly aligned with the former budget. The company’s and UCI’s auditors did not only confirm the validity of the annual accounts, but also confirmed the capacity of the company to pursue its activities.
Leopard is also in line with its business plan for its second cycling season thanks to the support of new sponsors and to the indefectible support of its shareholders and its sponsors who have been with Leopard SA since the creation of the team.
