Abu Dhabi

Last Race: 23rd Nov Abu Dhabi

Abu Dhabi GP Results
Pos Driver
1 Lewis Hamilton
2 Felipe Massa
3 Valtteri Bottas

Alonso buys cycling team

Monday 2nd September 2013

Share:

Alonso buys cycling team

Alonso buys cycling team

Fernando Alonso has purchased the Euskaltel Euskadi cycling team's WorldTour licence for €6m.

The Euskaltel Euskadi had previously confirmed that they would be withdrawing from the sport at the end of this season due to financial reasons.

However, the team has now been saved.

Alonso, an avid cycling fan, and his sponsors has purchased the Basque Pro Cycling Team, which owns the WorldTour licence under which Euskaltel Euskadi races.

According to reports, the Ferrari driver plans to build the team around Samuel Sanchez, the 2008 Beijing Olympic road race gold medalist.

"Euskaltel wants to thank the double Formula 1 Champion for reaching an agreement and would like to emphasise the respect, understanding and love that Fernando Alonso has shown for the Euskaltel Euskadi team, its professionals, its historical legacy and his hobby," said a statement from the cycling team.

This news is the "important news" that Alonso Tweeted about earlier in the day.

A statement on the Spaniard's website read: "He [Alonso] would also like to thank Euskaltel for their good will and predisposition during the negotiations which have been conducted discreetly and cordially with the sole intention of saving the team.

"At the same time, the Spanish racing driver would like to thank the Basque fans, who at all times and in spite of the difficulties, have supported the team. Fans who Fernando would like to ask to continue supporting this new project with the usual passion they transmit to the racers."

Keeping Cool In Abu Dhabi

Editor's Picks

Gallery: Title Celebrations

Gallery: Title Celebrations

Lewis, his family and Mercedes all celebrated the Brit's 2014 Drivers' Championship success in Abu Dhabi...

Winners & Losers: Abu Dhabi

Winners & Losers: Abu Dhabi

Lewis Hamilton finally achieved the points difference that all his 2014 performances have justified...

The 2014 Season In Numbers

The 2014 Season In Numbers

The Championships both went to Mercedes with Lewis Hamilton securing the drivers. But who finished P6? Find out...

NTF1News: Disney Movie

NTF1News: Disney Movie

Among news items this week, tales of the Honey Badger, plus Disney's new movie about the engine row - Un-Frozen...

Winners & Losers: Brazilian GP

Winners & Losers: Brazilian GP

Nico Rosberg kept his lock-ups to a minimum as Turn 4 came back to haunt Lewis Hamilton at Interlagos...