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Fernando Alonso saves Euskaltel-Euskadi cycling team from folding with takeover

By Matt Westby

Monday 2 September 2013 18:31, UK

Image: Fernando Alonso is a long-term cycling fan

Formula One driver Fernando Alonso has saved the Euskaltel-Euskadi cycling team from folding after agreeing to buy the cash-strapped Spanish squad for €6m.

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