Haas Says Original F1 Plan 'Foolish' Hull City Sale To Be Completed Soon Bookmakers Ready For Esports Billions Infantino Claims Salary Under $2M French Broadcasters Rack Up $32M Franchise Notes Q&A With Schalke's Alexander Jobst Gianni Infantino To Receive Pay Deal EU Rules Against Real Madrid Titans See Boost In Crowd Numbers
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
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).