News Details
Sauber now owned by Longbow Finance
Sauber has announced that Swiss-based investment firm Longbow Finance has fully acquired the Formula 1 team which will result in Peter Sauber retiring from the business he started Sauber has been ravished by financial uncertainty for a number of years and were late paying staff earlier this year. The team has also dropped to the back of the F1 pecking order, and is the only team not to have scored a point so far this year. Longbow Finance, headed by Pascal Picci, aims 'to stabilise the group and create the basis for a competitive and successful future.' Picci will replace Sauber as Chairman, while Monisha Kaltenborn will continue on the board and in her roles of CEO and Team...
Full Story »
Full Story »
9y ago from GrandPrix247.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's long-term future secured as new owners take...
Sauber confirmed on Wednesday that it has agreed a deal with Longbow...
9y ago from GrandPrixTimes.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
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
23h ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
1d ago from Motorsport.com
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
1d ago from MotorsportWeek.c...
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing reveals multiple organizational...
No description available...
1d ago from Motorsport.com
Will Power sees ‘all the ingredients’ for a...
Will Power is approaching the beginning of his new IndyCar chapter, with...
1d ago from MotorsportWeek.c...
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
2d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
12h ago from Motorsport.com
The headaches facing WRC crews ahead of a ‘proper...
No description available...
20h ago from Motorsport.com
Can Lancia enjoy success on its anticipated WRC return?
No description available...
20h ago from Motorsport.com
Sebastien Ogier still has motivation “to go for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Worrying update surely means Arsenal need to break the...
Arsenal reportedly have some concerns about Kai Havertz's long-term...
1h ago from CaughtOffside.com
Let's wait and see on Kai's knee
Morning all, happy Friday to you. Let's start with some reporting around...
2h ago from Arseblog.com
Major transfer hint as Arsenal star changes agents...
Arsenal striker Gabriel Jesus has reportedly changed agents, with Fabrizio...
6m ago from CaughtOffside.com
Comments
Hottest News
Christian Horner announces shock major tour as possible F1...
Christian Horner is hitting the speaking circuit... Read More »
45m ago from RacingNews365.com
Why McLaren will keep its MCL40 mostly unchanged for...
McLaren has made its intentions clear before the... Read More »
36m ago from F1i.com
Red Bull boss 'sad to lose' F1 star
Racing Bulls F1 team principal Alan Permane has... Read More »
1h ago from GPFans.com
