October 19, 2012

Rabobank rider Luis Leon Sanchez of Spain raises his arms in victory as he crosses the finish line to win the Clasica San Sebastian cycling race in San Sebastian August 14, 2012. (REUTERS/Vincent West)

AMSTERDAM, NETHERLANDS - Dutch lender Rabobank said on Friday it will end its sponsorship of men’s and women’s professional cycling teams at the end of this year following publication of a report from the American doping authority USADA last week.

“We are no longer convinced that the international professional world of cycling can make this a clean and fair sport. We are not confident that this will change for the better in the foreseeable future,” Bert Bruggink, Rabobank board member, said in a statement. (Reporting by Sara Webb; Editing by Jon Boyle) REUTERS