Euskaltel avoid bugdet cut

Contrary to what has been rumoured and anticipated, telephone company Euskaltel will NOT cut the economic support of the team and will continue to sponsor the outfit with 3,2 million euros a year up until at least 2012. It was widely thought the company would reduce it's sponsorship, but apparently they've had a change of heart. Euskaltel Euskadi's other major sponsors, the regional delegations and the Basque Government, will not cut back on the support either, meaning the team will have the same budget at their disposal as they've had in the last few years. Great news, couldn't have hoped for better. This will allow the team to keep it's current infrastructure and keep being part of the UCI Pro Tour. Hopefully it'll also convince Beñat Intxausti to stay. Igor González de Galdeano will from next season on be the sole responsible of the team from a sporting persepective, while Miguel Madariaga will now channel his energy towards the Fundación Euskadi, the development of young riders and the capture of sponsors. The team will now apply for a ProTour status for another few years.