News Details
Longbow a front for Ericsson's backers in Sauber buyout
Monisha Kaltenborn has declined to confirm or deny reports it is Marcus Ericsson's Swedish backers who have bought the Sauber team. The Swiss outfit announced on Wednesday that it will be fully acquired by a Swiss-based group called Longbow Finance, resulting in the retirement of founder Peter Sauber. 'As a Swiss company, we are very pleased with having secured the future of a Swiss presence in a highly specialised and innovative industry,' said Longbow's Pascal Picci. But the Swiss newspaper Blick claims that Longbow is in fact powered by Tetra Laval, a Swedish multinational headed by billionaire Hans Rausing that already finances Sauber driver Marcus Ericsson's seat. 'On the background...
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8y ago from GrandPrix247.com
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