SpiderTech, the Canadian cycling outfit founded in 2008 by former pro rider Steve Bauer, will disband at the end of the year.
Bauer said in late 2012 that the squad would not compete in 2013, but that he was hopeful he would secure sponsorship for the team to resume racing in 2014. But the 54-year-old told SportCom on Wednesday that he was calling an end to the squad.
“We’ve done great things over the years, but unfortunately, SpiderTech was not the partner that we needed to continue,” he said. “I can still do a lot of things in the world of cycling, but not set up a professional team.”
The team earned three big victories in 2012: Ryan Roth won Tro Bro Léon and the Canadian road race championships, while Francois Parisien was victorious at the Tour of Elk Grove.
Bauer pointed to the Lance Armstrong doping scandal as one factor that hindered his search for a suitable sponsor.
The situation with SpiderTech grew difficult last year. In May, the company said it wanted to extend its sponsorship for three more years. Last October, however, SpiderTech reversed course and pulled the plug. It did agree to pay riders’ salaries who were under contract for 2013.
Bauer rode in the pro ranks from 1985-1996 on four different teams. He won the Canadian national road race title three times (1981-83), the prologue at the race formerly known as the Dauphiné Libéré (1989), and the Zürich-Metzgete (1989). He placed second at the 1990 edition of Paris-Roubaix.