Thai Businessman To Take Over AC Milan Protest Against Owner Lacks Numbers Wests Tigers Want More Flexibility Rangers Fined Over Ownership Rules Perth Glory Admits Guilt Over Cap Breach SFA Chief Issues Warning To Dave King Bochum To Discontinue Women's Team Scottish Side Hibernian Denies Cash Grab Villar Defends Former Las Rozas Mayor Second NRL Brisbane Team Race Heats Up
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
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
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).