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
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
1d ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
3d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
3d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
6d ago from Motorsport.com
Popular On IndyCarToday.com
Untouchable Alex Palou eases to IndyCar victory at...
The IndyCar paddock travelled over 2700 miles from the event last...
39m ago from MotorsportWeek.c...
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
29m ago from MotorsportWeek.c...
IndyCar Laguna Seca – Qualifying Results
IndyCar traveled to the West Coast for a round at the historic Laguna...
1d ago from MotorsportWeek.c...
Alex Palou grabs IndyCar pole at Laguna Seca
IndyCar headed out for qualifying at Laguna Seca just before noon local...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
2d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Former Tottenham player wishes he had joined Arsenal...
Former Premier League attacker Adel Taarabt has suggested that he had the...
4h ago from CaughtOffside.com
'We are extremely happy to have him' - Mikel Arteta...
Arsenal manager Mikel Arteta has expressed his joy at having teenage star...
6h ago from SportsKeeda.com
Mikel Arteta provides update as Arsenal star picks up...
Arsenal boss Mikel Arteta gave an update on Riccardo Calafiori's injury is...
6h ago from SportsKeeda.com
Player ratings: Arsenal 3-2 Newcastle
Arsenal made it two from two in pre-season with a 3-2 victory over follow...
9h ago from FreshArsenal.com
Comments
Hottest News
F1 Results Today: Norris blows title chance as Hamilton...
A delayed Belgian Grand Prix was won by a... Read More »
6h ago from GPFans.com
Marko confirms the real reason why Red Bull sacked...
Red Bull Racing’s decision to sack team... Read More »
13h ago from GPFans.com
‘What the f*** is this?’ - Fans SLAM F1 Movie theme...
F1 fans were sent into uproar on social media... Read More »
1h ago from GPFans.com