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New owners enticed by Sauber s potential outside of F1
Sauber team principal Monisha Kaltenborn says its new owners Longbow Finance were attracted to invest in the potential it saw from the Swiss company's assets and strengths away from F1, and hinted at moving more efforts into other racing championships. Sauber confirmed it was acquired by Swiss finance company Longbow Finance S.A. during the build up to last month's Hungarian Grand Prix, ending months of speculation surrounding money issues and its future in F1. The deal sees Peter Sauber step down as group president and move into retirement to be replaced by Longbow Finance's Pascal Picci. READ: Late arrivals - F1's best mid-season debuts Kaltenborn, who has retained her position as CEO...
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