Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
Alonso buys world tour cycling team
(GMM)  Fernando Alonso is set to become the owner of a professional cycling team.

On Sunday, the Ferrari driver sent the 'Twittersphere' into a frenzy when he announced that "important news" will shortly be flowing.

Some wondered if he would announce a switch to Red Bull, confirm Kimi Raikkonen as his next teammate, or perhaps reveal his engagement to Russian model girlfriend Dasha.

Actually, specialist cycling media outlets on Monday said Alonso, a road cycling and fitness enthusiast, has bought the Spanish world tour team Euskatel-Euskadi.

El Periodico said Alonso and his sponsors will fund a EUR 6 million budget for 2014 for the team, which was set to fold at the end of this year.

Euskaltel-Euskadi, from the Basque region, released a statement confirming the agreement with Alonso, adding that more information will be forthcoming.

Hot News Archives
2000 2001 2002 2003

Search Hot News
Search Help
AutoRacing1 Inc. BBB Business Review