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SBD Global/September 3, 2013/Franchises
F1 Driver Fernando Alonso Prevents Euskaltel-Euskadi Cycling Team's Demise With Buyout
Published September 3, 2013
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ECONOMIC HARDSHIPS: REUTERS reported the team is "comprised mostly of Basque riders." Telecom Euskaltel "surprisingly announced" that it would no longer "support the team, in part down to co-sponsors opposing the decision to allow more non-local professionals into the squad, not helped by Spain's economic crisis." Like La Liga side Athletic Bilbao, Euskaltel-Euskadi "had come to represent the heartland of Spanish cycling and was widely regarded as one of the top teams on the Tour." But the team has "never won a Grand Tour, which will surely be the focus of Alonso and his advisers for the coming seasons" (REUTERS, 9/2).