Alonso buys world tour cycling team

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Alonso and his sponsors will fund a EUR 6 million budget for 2014 for the cycling team.

Sep.2 (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.

Fernando Alonso, Ferrari rides the circuit on his bicycle
Fernando Alonso, Ferrari rides the circuit on his bicycle

Photo by: XPB Images

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.

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Series F1
Article type Breaking news
Tags alonso, f1, ferrari, gmm

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