Madrid: Formula One driver Fernando Alonso says his plan to start a cycling team is "going well" after meeting with International Cycling Union president Brian Cookson.
Alonso announced in September he would look to create his own team to race in 2015 after plans to buy the now defunct Euskaltel-Euskadi fell through.
Alonso tells a leading news agency "there is still a year to go, but things are going well. I am pleased with the steps that have been taken."
The Ferrari driver spoke with Cookson, who was in the Spanish capital to award Joaquim Rodriguez the trophy for the World Tour`s best cyclist of 2013.