News Details
Andretti Alfa deal dead in the water?
It is understood that Michael Andretti has ended talks that might have seen him enter F1 by purchasing the Alfa Romeo team. In fact deal wasn't so much the Alfa Romeo team but rather the Sauber operation that was running it that Andretti was seeking to buy. Andretti was looking to buy a rumoured 80% stake in Islero Investments which owns Sauber Motorsport and while it is claimed there was general agreement on a deal, it was essentially kicked into touch by Swedish Billionaire Finn Rausing, the man behind Islero. Though a price had been agreed, numerous reliable media outlets claim that Rausling was also demanding $50m a year for five years as a guarantee the team would remain on the grid -...
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4y ago from Pitpass.com
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