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Euskaltel-Euskadi selling team buses to pay wages?

By:
Cycling News
Published:
December 09, 2012, 23:55 GMT,
Updated:
December 09, 2012, 23:56 GMT
Edition:
First Edition Cycling News, Monday, December 10, 2012
Samuel Sanchez, left, awaits the start of the final stage with his Euskaltel-Euskadi teammates.

Samuel Sanchez, left, awaits the start of the final stage with his Euskaltel-Euskadi teammates.

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Budget cuts to blame, says Madariaga

Euskaltel-Euskadi riders and staff are yet to receive their salary from the month of November with budget cuts for the 2012 season reportedly hitting the Basque team hard.

Monday and Tuesday of this week will be crucial to ensure a smooth transition to a 'globilized' project in 2013. Team boss Miguel Madariaga is faced with the situation where crucial team assets must now be sold in order for riders to be paid.

"I have no other solution. Buses are my salvation; we must sell them because if we don't, Fundación Euskadi is in great danger," he told Euskadi Irratia.

November and December payrolls totalled 857,000 euros and team buses are valued at 918,000 euros. Madariaga explained that the shortfall was due to the 1.3 million euros in budget cuts for the year and he is hopeful that Euskaltel will be understanding.

"The problem is not just mine, it's everyone," Madariaga explained. "Euskaltel also wants to solve the problem. Keep in mind that almost all riders will continue with them and it will not be a good start to the new season. But before we get to that point we all have the opportunity to talk to everyone and fix this issue. I have hope that everything will be resolved before year end."

 

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