Via Joe Lindsey:
The Agency for Cycling Ethics, which conducted independently monitored anti-doping testing for three U.S.-based cycling teams, is going out of business immediately, according to its CEO and the owner of one of those teams.
"I can confirm that the Agency for Cycling Ethics is closing operations," co-founder and CEO Paul Strauss, a Los Angeles anesthesiologist, wrote in an e-mail to ESPN.com. "We have no other comments regarding this."
ACE's dissolution after two years leaves Garmin-Chipotle, Team Columbia and BMC Racing scrambling for other options. All three teams felt the program was necessary despite more frequent and intensive testing by traditional anti-doping and sporting organizations and were willing to pay six-figure amounts for it in order to underscore their commitment to riding clean.