News Details
Claims Andretti's Sauber buyout is complete
Michael Andretti Reports out of Austin claim that Michael Andretti has completed the purchase of the Sauber Formula 1 team. Discussions between the two parties are understood to have been ongoing for some time, with Andretti looking to acquire an 80 percent stake in the company which holds both Sauber Engineering and its motorsport enterprise. It has now been suggested the deal is complete with previous owners, Islero Investments, maintaining a 20 percent stake. Islero Investments was set up by Longbow Finance, which acquired the team from Peter Sauber and Monisha Kaltenborn in 2016. The business’ Formula 1 operation has been rebranded Alfa Romeo in recent seasons, though behind the...
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2y ago from SpeedCafe.com
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