Following his retirement, a new life opened up. Bjarne Riis had from the start been one of the people behind Danish cycling team , which became the first Danish team competing in the Tour de France. Following doping allegations and suspension of Home-Jack & Jones rider Marc Streel in 1999, Home withdrew its sponsorship. Bjarne Riis bought the majority of the team through its controlling company "Professional Cycling Denmark" (PCD), and he became the team manager. In 2001, the team changed sponsor to CSC/World Online, then CSC/Tiscali, and in the seasons 2003 to 2007 the American IT company CSC was the sole sponsor of Team CSC. In season 2008 CSC shared the sponsorship with the Danish bank Saxo Bank which as of season 2009 has been the sole team sponsor. The team later got the name Team Saxo Bank Sungard and is now known as Team Saxo Bank-Tinkoff Bank. Riis renamed PCD to "Riis Cycling A/S" in 2003. Before the 2005 season, Team CSC had financial problems and some of the riders were asked to take a wage cut. Riis used his own money to keep the team running throughout his first years as team manager, an expenditure he later vowed never to repeat when a new sponsor deal was signed during the 2005 Tour de France.