News Details

Andretti reportedly terminates talks with Sauber

Andretti Autosport has reportedly walked away from a deal to take a majority interest in Sauber, a move that has brought an end to the American motorsport enterprise's ambitions of entering F1, at least in the near term. According to a report from The Race, Andretti was set to acquire an 80% stake in Islero Investments, the entity owned by Swedish Billionaire Finn Rausing which owns Sauber Motorsport and its prime asset, the Alfa Romeo F1 team. The two parties had apparently agreed on a purchase price for the 80% holding in Islero. However, Rausing also reportedly sought a five-year $50m-a-year payment to guarantee Sauber's presence on the grid in F1 to counter any potential future...
Full Story »
3y ago from F1i.com 0
Share

You May Also Be Interested In...

Stroll: Andretti would be a great addition to F1

United States-based Andretti Autosport would be a great addition to...
3y ago from GrandPrix247.com

Andretti also approached Haas F1: 'No concrete talks'

Michael Andretti is planning to take over Sauber, which will mean the...
3y ago from GPBlog.com

Ecclestone doubts Andretti bid for Sauber will succeed

Former F1 supremo Bernie Ecclestone doesn't believe that Michael...
3y ago from F1i.com

No doubt about it: 'Andretti has bought Sauber-Alfa...

The topic of discussion lately is the possible takeover of Sauber-Alfa...
3y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Marco Andretti secures ride for 20th Indy 500 start

Andretti Global confirmed on Tuesday that it will field a fourth car in...

Popular On TotalWRC.com

Popular On GunnersToday.com

Man United injury, suspension news vs. Arsenal: Will...

Sports Mole rounds up Manchester United's injury and suspension news ahead...
42m ago from SportsMole.co.uk

Football rumours: Arsenal in for Mbeumo? Everton...

ay’s rumours have themselves a new spot
2h ago from TheGuardian.com

Arsenal's striker issue gives Arteta a transfer...

Mikel Arteta's comments about the Carabao Cup match ball dominated the...
2h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.