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Alonso becomes cycling team owner

Formula 1

Alonso becomes cycling team owner

By alley - Sep 2, 2013, 2:09 AM ET

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...

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