While the Fernando Alonso project's appeared to be buried, the Formula 1 driver annonced, according to L'Equipe, that all is not over. 

Although it was confirmed that there would be no team "Fernando Alonso" align next year on the World Tour or Pro Continental, the Spanish ensured that the project still existed. "There's two weeks, we announced that we had an alliance with an investment fund of Qatar, Qatar NOVO Group Holdings", said the Ferrari driver in Sochi where he will race the GP of Russia. "They took over our project and I am very excited. We'll talk more in a week or ten days, but for them it was not yet the right time to create a team."