Euskaltel to sell team vehicles to balance books

Samuel Sanchez, Criterium du Dauphine 2012

Long-standing Basque team, Euskaltel-Euskadi is suffering financial problems ahead of a new year and beginning. This weekend, Spanish media reported that the team's out-going management company is selling its buses to pay wages.

"The sky is very black in Euskadi Foundation," Miguel Madariaga told Basque radio, Euskadi Irratia according to Biciciclismo. "It's the most difficult moment we've faced."

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Gregor Brown

Gregor Brown is an experienced cycling journalist, based in Florence, Italy. He has covered races all over the world for over a decade - following the Giro, Tour de France, and every major race since 2006. His love of cycling began with freestyle and BMX, before the 1998 Tour de France led him to a deep appreciation of the road racing season.