Formula 1 driver Fernando Alonso insists his plans to become a team owner in professional cycling are still "perfectly on time" amid suggestions he was set to shelve the project.Alonso came close to completing a takeover of the Basque Euskaltel Euskadi team last autumn, but the deal fell through. The...

Fernando Alonso says he remains determined to have his own cycling team after his plans to purchase Euskaltel Euskadi collapsed.The Spanish squad, which with Alonso had reached an agreement at the end of last month, said on Monday that talks had come to an end despite its best efforts to...

Fernando Alonso's plans to purchase the Euskaltel Euskadi cycling team have fallen through after he failed to reach an agreement with the current owner.The Ferrari driver had announced earlier this month that he had agreed to purchase the Basque Pro Cycling Team (BCPT) company that owns the license to the...

Fernando Alonso is to become a team owner in international cycling after agreeing to purchase the company that owns the Euskaltel Euskadi team.The Spanish cycling squad had been set for closure after its main sponsor the Basque telecommunications company Euskaltel said it was pulling out of the sport because co-sponsors...