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...
3y ago from MotorsportWeek.com
Andretti fiercely rejects rumors: "That...
Shortly after the United States Grand Prix it became clear that the deal...
3y ago from GPBlog.com
Andretti explains "11th-hour" break down of...
Michael Andretti has revealed talks for a takeover of Sauber collapsed at...
3y ago from GPFans.com
Andretti walks away from Sauber takeover talks
Michael Andretti’s anticipated takeover of Sauber appears to be off...
3y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Austrian GP: Marc Marquez pulls off yet another...
No description available...
1h ago from Motorsport.com
Marc Marquez makes it six in a row with victory in...
Marc Marquez continued his dominance with a sixth consecutive win,...
1h ago from MotorsportWeek.c...
Marco Bezzecchi not shocked by underwhelming sprint,...
No description available...
5h ago from Motorsport.com
Michelin: “No anomalies” with Pecco Bagnaia’s...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
1d ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
3d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
6d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
2d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
3d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
4d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
2w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Live on Sky: Man Utd vs Arsenal team news LIVE!
No description available...
1h ago from SkySports.com
Ruben Amorim to axe Man United star from squad to take...
Manchester United manager Ruben Amorim is reportedly set to leave Rasmus...
2h ago from CaughtOffside.com
Manchester United v Arsenal: Premier League – live
t;li>Updates from the 4.30pm BST kick-off at Old Trafford<a...
30m ago from TheGuardian.com
Big name Man United star 'not ready' to play vs...
Manchester United will reportedly be without goalkeeper Andre Onana for...
20m ago from CaughtOffside.com
Comments
Hottest News
Fernando Alonso rejects idea around Brad Pitt F1 film: 'I...
Fernando Alonso has insisted that he 'doesn't... Read More »
2h ago from RacingNews365.com
One-off Ferrari Daytona SP3 sells for insane windfall in...
Ferrari fans and collectors went into overdrive... Read More »
3h ago from F1i.com
How Carlos Sainz has already made a ‘big impact' at...
Williams Sporting Director Sven Smeets has... Read More »
30m ago from MotorsportWeek.com
