Euskaltel does not sign the agreement with Fernando Alonso

Fernando Alonso, had expressed interest in buying the cycling team

 

The cycling team Euskaltel has just published on its website a statement explaining the reasons why the agreement does not go ahead.

 

 

This is the press comnicado published on its website:

 • The terms of the signed agreement principle marked a roadmap that could not be completed, despite the efforts made to reach a definitive agreement.

 

• Euskaltel has devoted all its efforts to reach an agreement, putting everything on its side, without any type of restriction, neither economic nor of any kind.

 

• The agreement reached at the 31 in August was intended to acquire the cycling team by Fernando Alonso.

 

The negotiations between Euskaltel and representatives of Fernando Alonso for the acquisition of the cycling team Euskaltel Euskadi on the part of the Asturian pilot, from the beginning of the agreement signed at the 31 in August, they have finished without an agreement.

 

For Euskaltel it is a sad news that, after the hope generated by the agreement principle, it has not been possible to formalize a definitive agreement that would have allowed to guarantee a professional future to the members of the team and return the illusion to a hobby that has remained faithful until the last moment. For this, "from Euskaltel we have dedicated all our effort to achieve an agreement, putting everything on our side, without any type of restriction neither economic nor of any kind ", contrary to what has been indicated in any publication.

 

The representatives of Euskaltel can not hide their disappointment at the outcome of the negotiation process, following the expectations generated by the principle agreed upon at the end of August and the public statements made by Fernando Alonso and his representatives.

 

The principle of agreement reached by both parties at the 31 in August was intended to acquire the cycling team by Fernando Alonso. When an agreement is not reached, Euskaltel is forced to resume, unfortunately, the closing process ordered and responsible for the project.

 

Euskaltel deeply regrets the appearance of different information and leaks of false information that does not contribute to solve or build, but quite the opposite. "We would like to explain the details of the negotiations, because we have put everything on our side, with complete honesty, but it is not possible because we must respect the confidentiality of the negotiations."

 

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