After weeks during which the lifeline thrown to the Euskaltel-Euskadi team by Formula One star Alonso seemed to be the last-minute deal that would save one of Spain’s two ProTour teams, one major hurdle - the purchase, or not, of the team’s current infrastructure and longstanding staff contracts appears to have sunk the whole agreement.
http://www.cyclingnews.com/news/alonso-and-euskaltel-agreement-falls-apart
Alonso may set up a pro-conti team instead