News Details
Alonso's plans to buy cycling team fall through
Fernando Alonso will no longer buy the Euskaltel Euskadi pro cycling team Sutton Images Enlarge Plans for Fernando Alonso to buy Spanish pro cycling team Euskaltel Euskadi have fallen through, according to a statement from the team. At the end of August Alonso agreed to purchase the team, which is facing closure if it cannot find a backer. However, in a statement on Monday Euskaltel Euskadi said talks leading to the takeover had failed. "The negotiations between Euskaltel and the representatives of Fernando Alonso for the acquisition of the cycling team Euskaltel Euskadi on behalf of the Asturian driver, which began with an agreement in principle on August 31, have ended without an...
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