They will now be... Team Movistar (Spanish telecommunications giant Telefónica).
OK maybe not the biggest news, but with all the financial problems going on it's nice to here some good news. Especially when this means that the Banesto Team (remember Big Mig) gets to continue on. They are already talking about wanting Alberto Contador in 2013 (I wonder how Contador and Valverde would get along on the same team?)