Sauber F1 gets a new owner: Qadbak Investments

Posted in Formula 1, Motorsports / By /

Sauber F1 Car

The BMW Sauber F1 Team has been saved! Now all they need to do is wait for FIA to get approval to extend the grid list to 28 cars and they’re good to go for the 2010 race year.

Swiss-based Qadbak Investments Ltd has purchased the Swiss-based Sauber F1 team for an undisclosed sum, though a number being mentioned is in the region of £70 million. Qadbak is a company that represents interests of a few unnamed Middle Eastern investors. Qadbak also recently took over Notts County, an English football club.

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Paul Tan

After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history.

 

Comments

  • Kevin Lee on Sep 16, 2009 at 7:54 am

    swiss over swiss, nice combo, hopefully bmw will still be supplying the engine components

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  • sportinglisbon62 on Sep 16, 2009 at 8:04 am

    How to pronounce it? KordBack?

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  • csv on Sep 16, 2009 at 8:16 am

    i think cat-back. like cat back exhaust.

    anyway, middle eastern investors huh? must be some rich oil tycoons.

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  • scanzew on Sep 16, 2009 at 8:17 am

    tom tom-bak pronounciation maybe..hahaha

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  • henry on Sep 16, 2009 at 8:29 am

    in simple words – Qadbak owned by Middle Eastern investors..

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  • Jay on Sep 16, 2009 at 10:33 am

    It's Cut-Back Investments. Lol

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  • mystvearn on Sep 16, 2009 at 2:13 pm

    Its not swiss taking over swiss. Its Arabs taking over swiss using swiss face.

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  • dog on Sep 16, 2009 at 4:11 pm

    now what will happen to the supposingly spot given to the lotus team?

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  • nemo66 on Sep 16, 2009 at 4:16 pm

    now we have 1Malaysia F1 team, how about petronas?

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  • Solen on Sep 16, 2009 at 4:42 pm

    petronas should join the 1malaysia F1 team.

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  • bmpower on Sep 16, 2009 at 4:47 pm

    petronas to sponsor brawn.

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  • azrai on Sep 16, 2009 at 4:59 pm

    The Petronas will starting using their Primax 95 in all F1 fleet car to convinced Malaysian about the 95 RON petrol. :-)

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  • loveyourdidi on Sep 16, 2009 at 6:02 pm

    slowly the arabs are taking over everything…sign of resurgence maybe?

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  • osh_kosh on Sep 16, 2009 at 6:06 pm

    no more BMW in F1… *sigh*

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  • w_lighter (Member) on Sep 16, 2009 at 6:13 pm

    wow.. 70 million for an F1 team.. thts actually quite a bargain… oh wait.. 70mil pound.. ok then its quite expensive :p

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  • nikwell on Sep 17, 2009 at 7:17 pm

    sponsorship from malaysia petronas our state to remain or not and also to exit from the BMW Sauber

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  • Eric on Sep 17, 2009 at 11:32 pm

    i don like Sauber team at all….!! Redbull better than them a lot!!

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