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
Marco Bezzecchi secures pole at Thai MotoGP season...
Marco Bezzecchi maintained his weekend dominance by securing pole...
3h ago from MotorsportWeek.c...
MotoGP Thailand GP: Marco Bezzecchi beats Marc Marquez...
No description available...
3h ago from Motorsport.com
Marco Bezzecchi completes clean sweep to top final...
Aprilia's Marco Bezzecchi continued his dominance by leading the field in...
4h ago from MotorsportWeek.c...
Guenther Steiner: "You need to listen before you...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon crashes hard in opening practice for Grand...
No description available...
12h ago from Motorsport.com
Scott McLaughlin hustles to the top in opening IndyCar...
The NTT IndyCar Series returned to action Friday afternoon, completing...
12h ago from MotorsportWeek.c...
First look at Mick Schumacher's livery as he previews...
No description available...
15h ago from Motorsport.com
Pato O'Ward: "I'm tired of IndyCar being like the...
No description available...
14h ago from Motorsport.com
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
1d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
2d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Asking prices for Newcastle stars revealed in report,...
Newcastle United could reportedly have a host of big name players...
1h ago from CaughtOffside.com
Arsenal are easy targets for TikTok mockery – they...
ded by Tottenham and lampooned by Wolves, Mikel Arteta’s side face...
1h ago from TheGuardian.com
Arsenal latest: Gyokeres growing in confidence - Arteta
No description available...
23m ago from SkySports.com
Viktor Gyökeres feeling trust and love helps him...
enal forward on a high after two goals at Spurs, with his manager hoping...
8h ago from TheGuardian.com
Comments
Hottest News
Honda hold 'emergency' talks over Aston Martin F1 crisis
Honda Racing president Koji Watanabe revealed... Read More »
43m ago from GPFans.com
Toto Wolff shares Mercedes 'relief' over crucial F1 car...
Mercedes enter the new F1 season as a favourite... Read More »
1h ago from RacingNews365.com
Mercedes' engine compression ratio innovation is the spirit...
Mercedes sent their rivals into a frenzy... Read More »
1h ago from GrandPrix247.com
