Pegasus grounded, near death.

Pegasus. Wing failure.

The Winged Horse can’t fly.

Team manager Chris White gave the bad news that he’d lost their primary sponsor at the last moment but insisted the team hasn’t folded. Give it another five minutes.

We should all have seen this coming with a simple name-check. The team based on a mythological Greek character was not real and has been proven as such. Look, up in the night sky! It’s Pegasus, the symbol of a defunct cycling team without a license!

“Pegasus Sports was notified by its principal financial backer that financial support for the Pegasus Sports Professional Cycling project had been retracted,” White said in a press release issued on Sunday.

Apparently, White is still putting on a brave face and is optimistic about securing a last minute, seconds before death miracle. Don’t think so. Yes, they got the Chilean miners out alive but two miracles seem unlikely.

Crazy Dane Michael Rasmussen must be gratified by the news and his claimed 50 rider list now has another 10 desperate men. How bizarre would it be to see a fine man like Robbie Hunter stuck riding for the kooky Christina Watches team?

Watch or no watch, time is ticking away for the Pegasus project. The UCI Licensing Commission granted the the winged horse boys an extension until Wednesday, December 15, 2010.

“I’m confident we’ll get it done, but we’ve got a job ahead of us… and it’d be silly not to have a back-up. But right now, everybody’s committed through to our deadline,” said White.

Twisted Spoke thinks rescue sponsor deals don’t get thrown together that fast. In short, yes on the Leopard, no on the Pegasus.

Rockin’ Robbie McEwen is sprinting hard for his next team.

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  • The Wife

    Very funny, fruitcake