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Momentum Sports Group (MSG) and Landis Part Ways

release by Momentum Sports Group

November 17, 2009 (Oakland, CA) – Momentum Sports Group (MSG) and Floyd Landis have mutually agreed to terminate Landis’ Rider Agreement and thereby release both Landis and MSG (owners of OUCH Pro Cycling Team Presented by Maxxis) from their respective obligations under the Rider Agreement for the remainder of the 2009 and 2010 racing seasons.

Landis returned from a well-documented serious hip injury and subsequent hip resurfacing procedure to assist MSG’s professional cycling team in winning the Nature Valley Grand Prix, The Tour of Elk Grove and the Joe Martin Stage Races during the 2009 racing season.

For the 2010 season, Landis expressed to MSG that he desires to ride the longer, tougher stage races offered in Europe and internationally that better suit his strengths. Accordingly, given that MSG will be focusing its 2010 racing season primarily in the United States, MSG and Landis mutually agreed that it would be best for both parties to part ways at this time and allow Landis to seek a position with a team that could better accommodate his desires.

“I wish to thank all of the sponsors for their support this year. I would also like to thank everyone at Momentum Sports Group,” Landis said. “While I’m excited to pursue other opportunities, I will miss all of my teammates and everyone on staff.”

About Momentum Sports Group, LLC
The OUCH Pro Cycling Team Presented by Maxxis is owned and operated by the Momentum Sports Group, LLC. Momentum Sports Group is dedicated to the growth and management of sports and entertainment assets worldwide. Momentum Sports Group, LLC is owned by The Gekko Group, LLC, a private equity and advisory firm which seeks to extract and maximize shareholder value, and Cycle Sports, Inc., a boutique bicycle shop located in Oakland, California, which sells high-end custom road and mountain frames, parts, accessories and equipment.

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