News Details
Talks between Alonso and Basque cycling team fail
The Euskadi-Euskaltel cycling team says it has failed to strike a deal with Formula 1 driver Fernando Alonso for a takeover of the team, meaning it will have to fold. The Basque team says in statement Monday that it is 'obligated unfortunately to once again initiate an orderly shut-down process.' Alonso said last month he had reached an 'agreement in principle' to rescue the 19-year-old financially stricken team. Alonso was to provide funds to bridge a budget shortfall after Euskadi-Euskaltel lost €3.5 million ($4.7 million) of regional government funding due to austerity cuts prompted by Spain's financial crisis. The team's principal sponsor, telecoms company Euskaltel, had...
Full Story »
Full Story »
11y ago from F1Pulse.com
0
You May Also Be Interested In...
Alonso's takeover of Euskaltel cycling team cancelled
Negotiations between representatives of Fernando Alonso and the tier 1...
11y ago from F1Technical.net
Alonso's purchase of professional cycling team...
Alonso's purchase of professional cycling team collapses 24 September,...
11y ago from GrandPrix247.com
Alonso still chasing cycling dream
Fernando Alonso has not given up on his dreaming of owning a pro-cycling...
11y ago from PlanetF1.com
Alonso's plans to buy cycling team fall through
Fernando Alonso will no longer buy the Euskaltel Euskadi pro cycling team...
11y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
How far has Francesco Bagnaia fallen behind compared...
No description available...
4h ago from Motorsport.com
Marc Marquez's crash tally halves in 2025 as Ducati...
No description available...
6h ago from Motorsport.com
Franco Morbidelli renews with VR46 Racing Team for...
Franco Morbidelli has announced he will remain a satellite Ducati rider...
7h ago from MotorsportWeek.c...
VR46 Ducati retains Franco Morbidelli for 2026 MotoGP...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power released after 17 years with Team Penske
Team Penske has parted ways with veteran IndyCar driver Will Power, the...
3h ago from MotorsportWeek.c...
Will Power and Team Penske officially part ways after...
No description available...
3h ago from Motorsport.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
23h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Piero Hincapie reveals what Granit Xhaka told him...
New Arsenal signing Piero Hincapie has admitted he spoke to former Gunner...
2h ago from SportsKeeda.com
Arsenal latest: Gyokeres defends 'player power' claims...
No description available...
4h ago from SkySports.com
8 signings, 11 outgoings: All the details from...
It has been a frantic summer at Arsenal as Andrea Berta has made his mark...
5h ago from FreshArsenal.com
Rio Ferdinand names best value for money signing this...
Pundit Rio Ferdinand has delivered his verdict on the signing of the...
6h ago from SportsKeeda.com
Comments
Hottest News
Staggering Newey admission emerges over Verstappen to Aston...
Adrian Newey has discussed Max Verstappen’s... Read More »
5h ago from GPFans.com
Albon determined ‘to keep Williams train going’ after...
Alex Albon pulled off one of the standout... Read More »
54m ago from F1i.com
Bearman: Career-best result in F1 no easy task in Dutch GP
Oliver Bearman produced a standout performance... Read More »
54m ago from F1i.com
