Who owns a cycling team?

Bit confused about the organisational structure of a typical cycling team. Specfically Radioshack.
Who owns the team?
Bruyneel? The Schlecks? Lance? The Sponsors?
Who owns the team?
Bruyneel? The Schlecks? Lance? The Sponsors?
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So I can't remember who's got the licence, but the team is registered in Lux, which would indicate Flavio Becca is still the owner.
A match made in heaven.
If Premier League teams were to go under their main sponsor names (Chelsea = Samsung, Everton = Chang, Man City = Thomas Cook, etc), then maybe it would be clearer to a newbie how things are organised in cycling - but it isn’t like that.
I’m not even sure (as andyp implies) that the team manager deals with the sponsors. In the case of BMC, as example, I feel sure Rihs does the negotiating with the sponsors, not Ochowicz, Baldato, Sciandri or whoever (i.e those involved in the team management).
Not the best example - Rihs is the sponsor. He owns the team and the BMC company.
I'm just writing this off the top of my head without doing any research (tsk!) but from memory have read this.
Neil Gaiman
In most cases there is a management company that owns the World Tour licence, has sponsorship agreements in place with the sponsors and contracts with the rider. In many cases the contracts of the riders are longer than the contracts for the sponsors, with the view that another sponsor can always be found. Sometimes this doesn't happen, as anyone who remembers the Ferretti/Sony Ericsson debacle will recall.