Fernando Alonso fails to make agreement with Euskaltel team

Euskaltel-Euskadi say farewell, Vuelta a Espana 2013, stage 21

Negotiations between Spanish Formula 1 driver Fernando Alonso and the management of the Euskaltel-Euskadi team have collapsed, leaving the future of the squad once again uncertain.

Alonso announced earlier this month that he had formed an 'initial agreement' to buy the Basque squad's WorldTour licence and retain 14 of its riders.

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