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Author Topic: Sauber Sold!  (Read 1151 times)

Offline cosworth151

Sauber Sold!
« on: September 15, 2009, 12:58:58 PM »
BMW has sold the Sauber F1 Team to a Swiss-based banking firm, Qadbak Investments, Ltd.

The official announcement:

http://www.bmw-sauber-f1.com/en/#/news/~410|0/


“You can search the world over for the finer things, but you won't find a match for the American road and the creatures that live on it.”
― Bob Dylan

Offline Scott

Re: Sauber Sold!
« Reply #1 on: September 15, 2009, 04:52:16 PM »
Very cool.  I'll have to send in my resume   :D :D
The Honey Badger doesn't give a...

Offline lkjohnson1950

Re: Sauber Sold!
« Reply #2 on: September 15, 2009, 08:52:13 PM »
Now all they have to do is get back on the grid.

Lonny
Lonny

david1275

  • Guest
Re: Sauber Sold!
« Reply #3 on: September 15, 2009, 09:33:07 PM »
Can't get the link to work for some reason but that is really good news. I heard on the local news here in Northern Ireland today that they were to be the fourteenth team on the grid with the return of Lotus. From a sport that we thought was dying a few months ago has blossomed something very exciting, I can wait until 2010. :yahoo:

FW14B

  • Guest
Re: Sauber Sold!
« Reply #4 on: September 15, 2009, 10:37:47 PM »
I am glad they have been saved, now I hope that they are given the 14th spot by the other teams who all have to agree.  I also hope these new owners have serious plans for the team.

Offline Scott

Re: Sauber Sold!
« Reply #5 on: September 16, 2009, 11:53:57 AM »
Ferrari engines.  Good choice.  They know the engines from the pre-BMW  days, and Ferrari are based a lot closer than Cosworth.  Would have liked Merc's maybe, but Ferrari will provide a good engine, I'm sure.

From F1 Live

If given the green light to race next year, the team currently known as BMW Sauber will be equipped with Ferrari engines and transmissions, it is reported in the German press.

Publications including Sport Bild said the transaction selling the Hinwil based outfit to the mysterious Swiss-based foundation Qadbak is for €80 million.

Little is known about Qadbak Investments Ltd except that it represents "certain Middle Eastern and European-based families". Earlier this year through a subsidiary it bought the English football club Notts County.

BMW Sauber's parent BMW AG made the press announcement on Tuesday, and a spokesman for the Swiss based team has now said: "The team expects to line up on the grid for the first race of the 2010 season."
The Honey Badger doesn't give a...

Offline Jericoke

Re: Sauber Sold!
« Reply #6 on: September 16, 2009, 01:27:15 PM »
If the current Cosworth design is inadequate, and BMW is shutting their engine works, can Cosworth use the current BMW design?  Maybe even run the current works while they develop their engine?

FW14B

  • Guest
Re: Sauber Sold!
« Reply #7 on: September 16, 2009, 01:56:28 PM »
Sauber with Ferrari engines... Nothing new there then  :D

Offline cosworth151

Re: Sauber Sold!
« Reply #8 on: September 16, 2009, 02:28:03 PM »
The BMW engine seems to be down on power this year, and has a regrettable tendency to blow up. I don't really think Cosworth would want it.
“You can search the world over for the finer things, but you won't find a match for the American road and the creatures that live on it.”
― Bob Dylan

Offline Willy

Re: Sauber Sold!
« Reply #9 on: September 19, 2009, 02:59:55 AM »
Great to hear that Sauber have found a new owner, Peter's a class act.
Also nice to see the Lotus name back in F1 as it has a storied past that deserves it placement.

 


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