News Details
Andretti reportedly terminates talks with Sauber
Andretti Autosport has reportedly walked away from a deal to take a majority interest in Sauber, a move that has brought an end to the American motorsport enterprise's ambitions of entering F1, at least in the near term. According to a report from The Race, Andretti was set to acquire an 80% stake in Islero Investments, the entity owned by Swedish Billionaire Finn Rausing which owns Sauber Motorsport and its prime asset, the Alfa Romeo F1 team. The two parties had apparently agreed on a purchase price for the 80% holding in Islero. However, Rausing also reportedly sought a five-year $50m-a-year payment to guarantee Sauber's presence on the grid in F1 to counter any potential future...
Full Story »
Full Story »
You May Also Be Interested In...
Stroll: Andretti would be a great addition to F1
United States-based Andretti Autosport would be a great addition to...
3y ago from GrandPrix247.com
Andretti also approached Haas F1: 'No concrete talks'
Michael Andretti is planning to take over Sauber, which will mean the...
3y ago from GPBlog.com
Ecclestone doubts Andretti bid for Sauber will succeed
Former F1 supremo Bernie Ecclestone doesn't believe that Michael...
3y ago from F1i.com
No doubt about it: 'Andretti has bought Sauber-Alfa...
The topic of discussion lately is the possible takeover of Sauber-Alfa...
3y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
16h ago from MotorsportWeek.c...
Why Marc Marquez stressed his Ducati is identical to...
No description available...
1d ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
2d ago from Motorsport.com
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin looking to rebound after ‘lowest...
Scott McLaughlin is hopeful that he can quickly bounce back from his...
1d ago from MotorsportWeek.c...
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
3d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
21h ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
3d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal defender edges closer to summer exit;...
Oleksandr Zinchenko’s future at Arsenal is hanging in the balance, with...
1h ago from CaughtOffside.com
Arsenal eye up move for Serie A star as potential...
Arsenal have reportedly set sights on signing Juventus winger Kenan...
7h ago from SportsKeeda.com
Arsenal make initial approach to sign 25-year-old...
Arsenal have reportedly initiated the first steps to land Lille...
10h ago from SportsKeeda.com
Aston Villa make stance clear on rumoured Arsenal and...
Aston Villa could be in store for a tricky summer because of PSR issues,...
11h ago from CaughtOffside.com
Comments
Hottest News
Warwick suspended from his duties as a steward for the rest...
Formula Formula One driver Derek Warwick has been... Read More »
2h ago from F1Technical.net
F1 News Today: Verstappen acts fast as fiery debate...
Four-time F1 champion Max Verstappen's new... Read More »
1h ago from GPFans.com
What did teams and drivers have to say after practice day...
The incident-filled opening day at the Canadian... Read More »
2h ago from F1Technical.net
