Report: Festina onboard

Reports coming out of France this morning suggest Swiss watch company Festina will be a secondary sponsor to Euskaltel Euskadi next year.

Usually reliable French sports daily L'Équipe carries the story, saying Festina, no stranger of course to cycling sponsorship, have already cut a deal with Madariaga and co. for 2013, and that the team will be known as Euskaltel-Festina. There's no official word though from either the team or the watch brand as of yet, but it looks like there's some substance to the rumours as pretty much every big cycling site out there is saying the same thing.

Stay tuned for further news.