News Details
Sauber's long-term future secured as new owners take control
Sauber confirmed on Wednesday that it has agreed a deal with Longbow Finance S.A., which will see the Swiss investment company take full ownership of the Sauber Group which includes the Formula 1 team. Sauber have struggled financially for the past few seasons with 2016 proving particuarly difficult, with staff wages often delayed. However for the first time in months, June's wages were paid on time, prompting speculation that the team had found a new backer. That has now been confirmed, with Longbow Finance S.A. taking ownership with their intention 'to stabilise the group and create the basis for a competitive and successful future'. As part of the deal, founder Peter Sauber...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Longbow Finances acquire Sauber F1 Team
The Sauber group have announced a change in ownership. Following the...
9y ago from JWGrandPrix.com
Longbow Finance acquires Sauber
Sauber announces team's acquisition by Swiss finance company Longbow...
9y ago from Pitpass.com
Sauber secures F1 future as investment materialises
XPB Images
Sauber has announced it has secured its Formula...
9y ago from F1i.com
Sauber secures F1 future with change of ownership
Sauber's Formula 1 future appears to have been secured after it announced...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Why Ducati stronghold Jerez presents Aprilia’s...
No description available...
14h ago from Motorsport.com
MotoGP star Pedro Acosta wants to keep racing beyond 35
No description available...
16h ago from Motorsport.com
Giacomo Agostini backs 2027 MotoGP rules: “Wings...
No description available...
1d ago from Motorsport.com
Nicolo Bulega: If no 2027 MotoGP move arrives, it's...
Nicolo Bulega believes that not securing a 2027 MotoGP ride wouldn’t be...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
9h ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
9h ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
10h ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
12h ago from Motorsport.com
Popular On TotalWRC.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
1d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
4d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
4d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal view 65m Bundesliga ace as 'ideal piece of the...
Arsenal are interested in signing the Bayer Leverkusen playmaker Ibrahim...
8h ago from CaughtOffside.com
£80m target emerges as Chelsea seek upgrade after...
Chelsea are hoping to sign the Newcastle United attacker Anthony Gordon at...
10h ago from CaughtOffside.com
Guardiola: I loved seeing Rice say the title race is...
Man City boss Pep Guardiola says he "loves" Declan Rice's claim...
11h ago from SkySports.com
“If Arsenal don’t win anything, they have got that...
Former Chelsea midfielder has shared his thoughts on Arsenal striker...
13h ago from SportsKeeda.com
Comments
Hottest News
F1 star involved as sex escort scandal uncovered
A major investigation has linked an F1 driver... Read More »
12h ago from GPFans.com
Drivers threatened with ban ahead of Monaco Grand Prix...
A five-day ban has been threatened by authorities... Read More »
6h ago from GPFans.com
Lewis Hamilton reflects on huge F1 mistake: 'That was an...
Lewis Hamilton recently reflected on a major... Read More »
7h ago from GPFans.com
