It looks like Team Geox-TMC will have to make do with a Pro-Continental licence next year. According to Tuttobiciweb, team manager Maurizio D'Angelo has received a phone call by Pat McQuaid, informing the team about the UCI's decision. Details on the motivation by the UCI are not yet known.

According to the UCI-ranking for 2009-2010, Geox-TMC was one of the three teams in danger of losing its ProTour licence. Euskaltel and Quickstep are the other two teams that might still lose out, or another team that would have failed to get their papers in order. In that case both Cofidis and AG2R - in that order - would still have a chance of that coveted licence in the highest echelons of cycling. The UCI will reveal the final list of 17 ProTour team tomorrow, while Omega Pharma - Lotto, Rabobank, Garmin - Cervélo and Sky Procycling have already secured their place in the World Tour.

[Edited]
It appears that the Tuttobiciweb article on this subject wasn't truthful, as both Geox-TMC and UCI have categorically denied that there has been contact between both parties. The UCI even claims that they haven't made up their minds yet as to which teams will be part of the ProTour in 2011. The selection procedure could now take up to the 10th of December, whereas the UCI previously said to announce the teams on the 20th of November. So the 'saga' continues...

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Links: Geox -tmc - 2011