L’Equipe is reporting today that the watchmakers will return to cycling for the first time since 2001 as co-sponsors of the Basque Euskaltel-Euskadi team. Recently, it was announced that Euskadi, the Basque regional government, will not be continuing its funding of the squad, so this rumour, if it turns out to be true, is good news for the men in orange. Fears over a decreased budget might yet be allayed.