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"Alfa Romeo deal with Michael Andretti finally off the table".
Besides Haas, Formula 1 would have been close to having another American team. But it was already a bit on the cards the last couple of days. After weeks of negotiations Michael Andretti finally decided not to buy the Sauber-run Alfa Romeo team. Demands are too high The persistent rumor was that Andretti and some investors would become 80% owner of Sauber. But according to the authoritative The Race Andretti does not want (or can?) satisfy the financial wishes of the current owners of the team, in particular the Swedish billionaire Finn Rausing. Last weekend it was reported Auto Motor und Sport that Andretti had to pay a bank guarantee of 250 million dollar, on top of 350 million dollar...
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2y ago from GPBlog.com
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