February 25, 2020 / 12:07 PM / a month ago

HSBC to end cycling sponsorship deal after 2020 Olympics

LONDON, Feb 25 (Reuters) - HSBC will end its sponsorship of British cycling after the 2020 Olympics, a source familiar with the matter told Reuters on Tuesday.

The British bank is only four years into a multimillion pound deal, but is seeking to cut costs as part of a wider restructuring announced last Tuesday.

A spokesman for British Cycling confirmed that HSBC had ended the contract. (Reporting by Lawrence White Editing by Rachel Armstrong )

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