You're reading: Russia Beyond The Headlines: Russian billionaires and their sports

 Another Russian investor has invested in world sport: This month, businessman Oleg Tinkoff became the owner of the Danish highway cycling team Saxo Bank.

"I am very proud that I finally have a team of the World Tour and the world's best racer, Alberto Contador. I look forward to great success in the future, " Tinkoff said. The team will change its name to Saxo-Tinkoff.

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