Crédit Agricole has supported the team since 1998, but is ending its sponsorship after this season.
Team director Roger Legeay, told Reuters: “The negotiations I've had with several companies have broken down. As I'd promised, I called all my riders to tell them the news and end the clauses that I'd signed with them.
“I'd fixed August 1 as the deadline with both the potential sponsors and the riders and team staff. The sponsors said no and at the moment I haven't got any other offers.
“The leading riders in the team such as Thor Hushovd, Simon Gerrans, Pierre Rolland, Remi Pauriol and Mark Renshaw have told me they won't make a decision about their future before ringing me. They've given me until August 15 and that gives me a bit of hope. Perhaps this announcement will cause something to happen.”
Crédit Agricole is not alone in looking for a sponsor - the Gerolsteiner team is also looking to replace the German water company for 2009.
