"COVID-19 brought us lot of challenges, which were highlighted in the copyright negotiations. We are regretful to announce the termination with Premier League despite rounds of negotiations," read a statement.
Valter, 22, broke free during the final few kilometers and the peloton was unable to catch him.
PP Sports released a statement on Thursday night, claiming the termination was just a "strategic adjustment".
"My team was fantastic during the whole race. Today I felt very good, my legs were really good, until the attack I could ride easily. Also, I was very motivated. Many people supported me along the roads, and I want to thank everyone," Valter said after the race.
"We have to own the questions of leadership, we have to own the questions of policy, and there's a lot to be discussed here on that in the future. It's heartbreaking," CNN quoted the owner of the Eagles of the National Football League (NFL) as saying.
"Our development will not be redirected. It is just a strategic adjustment based on reality. We will continue to hand the best services to our fans and partners," it added. Enditem
Brazil are currently eighth in the FIFA women's world rankings, behind the US, Germany, France, Netherlands, Sweden, England and Australia. Enditem
In the 48th minute, the Venezuelan striker assisted Swedish winger Sam Larsson to stretch the lead for Dalian.
He said he was looking forward to battling for his place alongside players such as Paul Pogba, Bruno Fernandes, Nemanja Matic and Fred.
"I was really focused each game and each point. Especially against top players, one point can make the difference. So I had to stay very calm and keep going," the world number 50 added.
In the second minute after kick-off, Rondon scored the opener with his left foot. Rondon extended the lead for Dalian in the 29th minute, as he assisted Marek Hamsik to slot home.