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...
4y ago from MotorsportWeek.com
Andretti fiercely rejects rumors: "That...
Shortly after the United States Grand Prix it became clear that the deal...
4y ago from GPBlog.com
Andretti explains "11th-hour" break down of...
Michael Andretti has revealed talks for a takeover of Sauber collapsed at...
4y ago from GPFans.com
Andretti walks away from Sauber takeover talks
Michael Andretti’s anticipated takeover of Sauber appears to be off...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
What Aprilia hopes to unlock with radical 2026 MotoGP...
No description available...
16h ago from Motorsport.com
Fabio Quartararo reveals what’s still missing on...
No description available...
20h ago from Motorsport.com
MotoGP Valencia test: Raul Fernandez leads Aprilia 1-2...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia “happy” again after testing new...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou’s Indy 500 win immortalized on...
Alex Palou’s likeness has been added to the iconic Borg-Warner Trophy,...
6h ago from MotorsportWeek.c...
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
6d ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
22h ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
2d ago from Motorsport.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man United star told Arsenal 'have the best...
Manchester United midfielder Kobbie Mainoo has struggled for playing time...
1h ago from CaughtOffside.com
Jesus trains : Arsenal announce end of Visit Rwanda...
Morning. First up, a big win last night for Arsenal Women in the Champions...
24m ago from Arseblog.com
NLD talking points: Injury issues, Eze meets Spurs and...
With the 198th north London derby on Sunday, live on Sky Sports, we take...
14m ago from SkySports.com
Deal agreed in principle: Arsenal in final stages of...
Arsenal are closing in on a new contract agreement with Bukayo Saka. The...
13h ago from CaughtOffside.com
Comments
Hottest News
‘Worst on the grid’: Norris warns key flaw may haunt...
Lando Norris arrives in Las Vegas carrying the... Read More »
1h ago from F1i.com
Leclerc addresses Ferrari firestorm following Elkann remarks
Charles Leclerc has moved to cool the storm... Read More »
54m ago from F1i.com
Carlos Sainz: ‘Unacceptable' Oscar Piastri penalty in...
Carlos Sainz has delivered a damning critique of... Read More »
1h ago from MotorsportWeek.com
