Bjarne Riis announced during the Tour de France rest day on Monday in Morzine that he has secured a replacement sponsor for his Saxo Bank team.

“I met with our staff and riders,” said Riis, ” and told them the future of this team is secured for the next two years.”

Riis added that he will wait to announce the sponsor’s name after the Tour as per the sponsor’s request. The new sponsor will be the title sponsor and current secondary sponsor SunGard will step up as co-sponsor.

The timing of Riis’ announcement is critical as cyclists typically use the Tour de France to start looking for new teams. Riis’ key riders, though, have their contracts up for renewal and may switch teams regardless of today’s announcement.

“I am not here to talk now about what is going to happen after the Tour de France,” said Andy Schleck, who is second overall at as of today’s rest day.

“I am really happy in this team and happy for [the announcement of] Bjarne. I think if this team could not find a sponsor, it would be pretty bad for cycling.”

Schleck and his brother Fränk are rumoured to be joining a new team to be based in their home country of Luxembourg.

Team Sky’s and Riis’ former press officer, Bryan Nygaard said that he is creating a team for next year. As his head sports director, Nygaard hired Kim Anderson, who abruptly left Saxo Bank in June after six years.

Andy Schleck is concentrating on tomorrow’s Alpine stage to Saint-Jean-de-Maurienne and making up the 20-second defect to race leader Cadel Evans (BMC Racing). He aims to better his second overall from last year by winning the race in two weeks’ time in Paris.

He said before the race, though, that his agent Giovanni Lombardi is in discussions with four different teams: Riis’, Nygaard’s and two un-named teams.

Tour de France 2010: Latest news



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Tour de France 2010: Stage reports



Stage seven: Chavanel wins stage and takes overall as Thomas drops out of Tour’s white



Stage six: Cavendish makes it two as Tour hots up



Stage five: Cavendish wins his first stage of Tour



Stage four: Petacchi wins into Reims



Stage three: Hushovd takes dramatic win; Thomas second on stage and GC



Stage three live coverage: As it happened



Stage two: Comeback man Chavanel takes victory in Spa



Stage one: Petacchi wins in Brussels as bunch left in tatters



Prologue: Cancellara pips Martin to win

Tour de France 2010: Photos



Stage seven photo gallery



Stage six photo gallery



Stage five photo gallery



Stage four photo gallery



Stage three photo gallery



Stage two photo gallery



Stage one gallery



Prologue photo gallery

Tour de France 2010: Videos



Stage seven video highlights



Stage six video highlights



Stage five video highlights



Stage four video highlights



Stage three video highlights



Stage two video highlights



Stage one video highlights



Prologue video highlights

Tour de France 2010: Race guide



Tour de France 2010: Cycling Weekly’s coverage index



Official start list, with race numbers



Brits at the Tour 2010



Tout team guide



Tour jerseys: What they are and what they mean



Brits in the Tours: From Robinson to Wiggins

Tour de France 2010: Pictures



Tour team presentation, Rotterdam



Tour teams take to the cobbles: Photo special