News Details
Sauber finds buyer as Peter Sauber steps down
Sauber have announced that they have be bought by Longbow Finance after months of speculation about the team’s future. The new ownership of the team is aimed at creating a financially stable platform on which Sauber can begin to lay the foundations for their competitive revival. The team will retain the Sauber name, with Monisha Kaltenborn remaining as Team Principal and CEO. Peter Sauber will be stepping down and is to be replaced by Pascal Picci from Longbow Finance as Chairman of Sauber Holding AG. “We are very pleased that by reaching an agreement with Longbow Finance S.A., we can secure the future of Sauber at the pinnacle of motorsport,” Kaltenborn said, “We are convinced...
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