According to this report Peter Sauber retained 20% ownership of the team and did not just have his name on the team out of respect. The result's still the same - no rescue!
Peter Sauber on Wednesday played down hopes he might simply step back in and resume leadership of his Swiss-based Formula One team.
The 65-year-old, who sold his Hinwil-based outfit to BMW at the end of 2005, said he fears the Munich manufacturer's withdrawal from Formula One could mean the closure of the team.
"I respect and accept the decision but am still finding it hard to digest," Sauber, who retains a 20 percent shareholding of the team he founded in 1993, told the German news agency DPA.
It has been suggested that Sauber could now step back in and resume running the outfit as a privateer, but the Swiss played down that prospect.
"The position we are in now makes it very difficult," he said without elaborating.
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