The team was formed as Reynolds, led by Ángel Arroyo and later by Pedro Delgado, who won a Tour de France and a Vuelta a España, and was subsequently sponsored by Banesto, under which name the team included five-time Tour de France winner Miguel Induráin and Alex Zülle, twice winner of the Vuelta a España. The team offices are in Egüés, in Navarre, Spain. A later sponsor was Caisse d'Épargne, a French semi-cooperative banking group.