News Details
Talks between Alonso and Basque cycling team fail
The Euskadi-Euskaltel cycling team says it has failed to strike a deal with Formula 1 driver Fernando Alonso for a takeover of the team, meaning it will have to fold. The Basque team says in statement Monday that it is 'obligated unfortunately to once again initiate an orderly shut-down process.' Alonso said last month he had reached an 'agreement in principle' to rescue the 19-year-old financially stricken team. Alonso was to provide funds to bridge a budget shortfall after Euskadi-Euskaltel lost €3.5 million ($4.7 million) of regional government funding due to austerity cuts prompted by Spain's financial crisis. The team's principal sponsor, telecoms company Euskaltel, had...
Full Story »
Full Story »
11y ago from F1Pulse.com
0
You May Also Be Interested In...
Alonso's takeover of Euskaltel cycling team cancelled
Negotiations between representatives of Fernando Alonso and the tier 1...
11y ago from F1Technical.net
Alonso's purchase of professional cycling team...
Alonso's purchase of professional cycling team collapses 24 September,...
11y ago from GrandPrix247.com
Alonso still chasing cycling dream
Fernando Alonso has not given up on his dreaming of owning a pro-cycling...
11y ago from PlanetF1.com
Alonso's plans to buy cycling team fall through
Fernando Alonso will no longer buy the Euskaltel Euskadi pro cycling team...
11y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin continues dispute with Aprilia over 2026...
Reigning MotoGP World Champion Jorge Martin has continued his 2026...
2h ago from MotorsportWeek.c...
Aleix Espargaro doesn’t understand why Aprilia would...
No description available...
4h ago from Motorsport.com
Marco Bezzecchi: It was ‘almost impossible' to...
Marco Bezzecchi settled for second place after stating that it was...
6h ago from MotorsportWeek.c...
Alex Marquez out of surgery after Dutch GP crash, Luca...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
4d ago from MotorsportWeek.c...
Where does Santino Ferrucci see his first IndyCar win...
No description available...
3d ago from Motorsport.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
6d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
5h ago from Motorsport.com
Why Ott Tanak feared final stage drama could cost his...
No description available...
1d ago from Motorsport.com
WRC Acropolis Rally: Ott Tanak ends Hyundai’s...
No description available...
2d ago from Motorsport.com
Ott Tanak ends Hyundai’s victory drought
Ott Tanak and Martin Jarveoja clinched their and Hyundai’s first...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Official: Arsenal announce the signing of Spaniard...
Arsenal have officially announced the signing of Kepa Arrizabalaga from...
1h ago from CaughtOffside.com
Arsenal star Gabriel Martinelli's stance on potential...
Arsenal star Gabriel Martinelli is reportedly against the idea of moving...
39m ago from SportsKeeda.com
Official: Arsenal confirm the signing of Kepa...
Arsenal have officially confirmed the signing of Spanish goalkeeper Kepa...
2h ago from FreshArsenal.com
Comments
Hottest News
Lewis Hamilton disqualification proves McLaren are real...
McLaren once again asserted their F1 dominance at... Read More »
5h ago from GPFans.com
Wolff strongly defends Vasseur: ‘Ferrari won’t get...
In a rare show of cross-team solidarity, Mercedes... Read More »
2h ago from F1i.com
How converging on Charles Leclerc's set-up has aided Lewis...
Lewis Hamilton has revealed that moving his... Read More »
1h ago from MotorsportWeek.com
