In an interview with The Australian Financial Review, Orica-GreenEdge team owner Gerry Ryan explained he is likely to announce a new sponsor before the Tour de France grand depart on July 2 in Mont-Saint-Michel. Orica, who have been a naming rights sponsor since mid-way through the 2012 season, announced they would be withdrawing from the team at the end of the 2017 season.
The AFR reports that Ryan is also confident in announcing a larger contract with "a multi-national firm, [that] could involve his Marketplacer business - the owner of the fast-growing Bike Exchange website."
The Bike Exchange logo features on the sleeves of the Orica-GreenEdge and Orica-AIS teams in 2016, while Ryan's other business ventures, Jayco caravans and Mitchelton Wines have also featured on the kits of both teams.
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Ryan is confident the new sponsor could potentially take on co-naming rights of the team.
In May, the team recorded its first grand tour podium result as Esteban Chaves finished second to Vincenzo Nibali at the Giro d'Italia. It was also the first time the team had targeted the GC at a grand tour having first started as a team focused on sprint and team time trial wins.
"When we started we were about winning sprints or classics but now we have a more well-rounded team, and we have genuine general classification chances," said Ryan.
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