Ukrainian League Lands First Title Sponsor Union Berlin Sells Out Suites For '15-16 La Liga Club Sporting Gijón Faces Deadline FC Botosani Unveils $20M Stadium Design Reebok Brings Campaign To Europe CNMC Fines Telefónica, DTS $17M Brisbane Roar Could Lose New Buyer Eredivise OKs FC Twente's Debt Plan Women's Cycling Picking Up Steam South Melbourne Pushing To Join A-League
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).