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
Ducati will continue racing its unbeatable 2024 engine...
No description available...
16h ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
18h ago from Motorsport.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
1d ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
1d ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
2d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
1d ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Sweden: Elfyn Evans heads Toyota 1-2-3-4 into...
No description available...
12h ago from Motorsport.com
Elfyn Evans in charge on Rally Sweden
Ice, sunshine and flat-out driving was the order of the day on Rally...
12h ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
50-60m price tag set: Arsenal scouting Bundesliga gem...
Arsenal are reportedly interested in signing the Norwegian attacker...
33m ago from CaughtOffside.com
'Expecting more if I'm an Arsenal fan' - Michael Owen...
Former Manchester United striker Michael Owen has said that striker Viktor...
1h ago from SportsKeeda.com
Sources: '70-80m deal possible as Arsenal & Man...
AC Milan is preparing for a major squad overhaul at the end of the season,...
1h ago from CaughtOffside.com
Liverpool icon Didi Hamann claims he can see Arsenal...
Former Liverpool midfielder Dietmar Hamann believes Bayern Munich can stop...
18h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Max Verstappen threatens to quit as Red Bull...
Max Verstappen has hinted to F1 fans that they... Read More »
43m ago from GPFans.com
F1MATHS: What does the top speed disclose about Red Bull's...
The opening day of pre‑season testing in... Read More »
3h ago from F1Technical.net
Pierre Wache claims Ferrari, Mercedes, & McLaren are ahead...
Red Bull Racing Technical Director Pierre Wache... Read More »
13m ago from GrandPrix247.com
