Phonak, iShares whatever. They're gone. From www.cyclingnews.com:
Phonak to fold?
It seems Phonak owner Andy Rihs is ready to throw in the towel: he has
no sponsor for his team for the coming year, and the dream is over,
done in by too many doping cases, and capped off by Floyd Landis
testing positive after his Tour de France victory.
iShares, a division of Barclay Bank, was scheduled to take over as the
main sponsor. USA Cycling President Jim Ochowicz, who works for
Barclays as an investment consultant and is also a paid consultant to
Rihs' ARcycling AG, was tipped to manage the team, but according to
Blick magazine, the company has backed out of the deal.
After iShares withdrew, Rihs worked feverishly to find a new sponsor in
order to save the jobs of the riders and other employees of the
ARcycling AG, but without success. Rihs has scheduled a press
conference next Tuesday morning to make a formal announcement on
Phonak's future.