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What's going on with Team Geox?

Oct 5, 2010
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I haven't really followed Team Geox and don't really know anything about them other than the signing of Menchov and Sastre.
In another thread someone posted about a rumor that Menchov maybe jumping to Radio Shack so I did a quick google search on the team and came across this:
http://www.cyclingnews.com/news/geox-and-tmc-threaten-to-quit-cycling

apparantly there is a battle going on between the manager and the sponsors. the sponsors are ticked that they didn't get a ProTour license and blame Gianetti. does anyone know anything about this?

(i didn't see any other thread about this so I apologize if this has already been discussed)