Barça Offers Prosecutors A Deal Liga MX Queretaro's Future Undecided ManU Unveils New Medical Facility LFP President Touts Recent Debt Reduction Serie A Side Lazio Fans Boycott Match Carson Yeung Hit With 6-Year Sentence Green: Worth Double What Rangers Paid Liga MX Queretaro Under Investigation Univ. De Chile Extends Adidas Kit Deal AC Milan Sale Reports 'Totally Unfounded'
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/September 3, 2013/Franchises
F1 Driver Fernando Alonso Prevents Euskaltel-Euskadi Cycling Team's Demise With Buyout
Published September 3, 2013
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).