News Details
Andretti says 'control issues' blew up Alfa Romeo F1 deal
Michael Andretti has revealed that "control issues" left him with no other choice but to walk away at the 11th hour from a deal to acquire the Alfa Romeo F1 team. Andretti and Islero Investments, which owns Sauber Motorsport which operates the Alfa F1 team, were down to the final details of a transaction that would have seen Andretti become a majority shareholder in the Swiss outfit when the deal blew up. After the talks had ended, rumors emerged that Islero, owned by Swedish billionaire Finn Rausing, had sought a five-year $50m-a-year payment to guarantee Sauber's ongoing presence on the grid in F1 to counter any potential future shortfall in sponsorship. But Andretti denied...
Full Story »
Full Story »
You May Also Be Interested In...
Andretti explains why Sauber F1 deal fell through
Michael Andretti has explained why his recent venture into Formula 1 with...
2y ago from MotorsportWeek.com
Andretti fiercely rejects rumors: "That...
Shortly after the United States Grand Prix it became clear that the deal...
2y ago from GPBlog.com
Andretti explains "11th-hour" break down of...
Michael Andretti has revealed talks for a takeover of Sauber collapsed at...
2y ago from GPFans.com
Andretti walks away from Sauber takeover talks
Michael Andretti’s anticipated takeover of Sauber appears to be off...
2y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
The inverse Marquez trait that helped Bagnaia’s...
No description available...
16h ago from Motorsport.com
Ducati picks MotoGP crew chief for Marquez's factory...
No description available...
20h ago from Motorsport.com
Alex Marquez to remain with Gresini Ducati in MotoGP...
Alex Marquez has penned a brand-new two-year contract extension which will...
18h ago from MotorsportWeek.c...
Marquez penalised for tyre pressure infringement in...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti Global rules out adding part-time IndyCar...
No description available...
12h ago from Motorsport.com
IndyCar Laguna Seca: Start times, how to watch, entry...
No description available...
1w ago from Motorsport.com
Mid-point of 2024 IndyCar season marks end of an era
No description available...
3d ago from Motorsport.com
IndyCar teams complete one final hybrid test at Iowa...
Nearly every driver on the IndyCar grid was at Iowa Speedway on Thursday...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Neuville wants more Hyundai WRC seat time to prepare...
No description available...
15h ago from Motorsport.com
Rovanpera yet to realise enormity of super-sub WRC...
No description available...
1d ago from Motorsport.com
Rovanpera romps to WRC Rally Poland victory
Kalle Rovanperä began the final leg 9.4sec in front of Mikkelsen, but the...
1d ago from MotorsportWeek.c...
WRC Poland: Rovanpera seals stunning win after...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal move quickly to secure first deal of the...
Another important Premier League campaign is ahead for Mikel Arteta and...
1h ago from CaughtOffside.com
Euro 2024: Saliba bosses it as France go through
Morning, there was some good, a lot of bad, and a healthy dose of...
1h ago from Arseblog.com
Arsenal transfer news: Gunners 'activate' David Raya...
Arsenal are reportedly on the verge of confirming the permanent signing of...
6h ago from SportsMole.co.uk
Man United, Arsenal receive 'major boost' in Joshua...
Arsenal and Manchester United seemingly receive a boost in their hopes of...
5h ago from SportsMole.co.uk
Comments
Hottest News
F1 News Today: Team announce driver REPLACEMENT as Hamilton...
Williams have announced they will be shaking up... Read More »
1h ago from GPFans.com
Norris fumes at further DAMAGE after Verstappen collision
Lando Norris has revealed his McLaren may have... Read More »
59m ago from GPFans.com
Stella hits back at ‘excessive' Verstappen claim on...
McLaren boss Andrea Stella has hit back at Max... Read More »
1h ago from MotorsportWeek.com