BARCELONA (Reuters) - Formula One driver Fernando Alonso's plans to buy Spanish cycling team Euskaltel-Euskadi have collapsed, sponsors Euskaltel said in a statement on Monday. "We could not reach a definitive agreement. Euskaltel is now obliged, regrettably, to return to the process of an orderly and responsible closure of the project," they added. "For Euskaltel and the team this is sad news after the hope generated by the initial agreement reached at the end of August and public declarations at that time by Alonso and his representatives. ... More...