News Details
Sauber's long-term future secured as new owners take control
Sauber confirmed on Wednesday that it has agreed a deal with Longbow Finance S.A., which will see the Swiss investment company take full ownership of the Sauber Group which includes the Formula 1 team. Sauber have struggled financially for the past few seasons with 2016 proving particuarly difficult, with staff wages often delayed. However for the first time in months, June's wages were paid on time, prompting speculation that the team had found a new backer. That has now been confirmed, with Longbow Finance S.A. taking ownership with their intention 'to stabilise the group and create the basis for a competitive and successful future'. As part of the deal, founder Peter Sauber...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Longbow Finances acquire Sauber F1 Team
The Sauber group have announced a change in ownership. Following the...
9y ago from JWGrandPrix.com
Longbow Finance acquires Sauber
Sauber announces team's acquisition by Swiss finance company Longbow...
9y ago from Pitpass.com
Sauber secures F1 future as investment materialises
XPB Images
Sauber has announced it has secured its Formula...
9y ago from F1i.com
Sauber secures F1 future with change of ownership
Sauber's Formula 1 future appears to have been secured after it announced...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
13h ago from Motorsport.com
Marc Marquez, Francesco Bagnaia unveil retro-inspired...
No description available...
18h ago from Motorsport.com
Marc Marquez shares update on injury recovery at...
No description available...
14h ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
4d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
4d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
4d ago from Motorsport.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
1d ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
‘We are getting closer’: Gabriel Jesus targets...
t;li>Brazilian striker yet to hold talks over new dealArteta keen to...
8h ago from TheGuardian.com
Inter vs Arsenal preview: Gunners trio to miss trip
No description available...
9h ago from SkySports.com
Inter Milan vs Arsenal Prediction and Betting Tips |...
The UEFA Champions League is back in action with another set of matches...
10h ago from SportsKeeda.com
Man City loanee Manuel Akanji names team stronger than...
Inter Milan star Manuel Akanji believes Bayern Munich are stronger than...
13h ago from SportsKeeda.com
Comments
Hottest News
LIVE: Honda unveil 2026 F1 power unit for Aston Martin
In a live event in Tokyo, Honda is unveiling its... Read More »
1h ago from RacingNews365.com
Honda and Aston Martin launch groundbreaking 2026 power unit
Honda has officially launched its brand-new 2026... Read More »
15m ago from MotorsportWeek.com
Ferrari 2026 livery leaked? F1 fans rage at first look
It's only a few days until Ferrari launch their... Read More »
19h ago from GPFans.com
