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.
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. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
swiss over swiss, nice combo, hopefully bmw will still be supplying the engine components
How to pronounce it? KordBack?
i think cat-back. like cat back exhaust.
anyway, middle eastern investors huh? must be some rich oil tycoons.
tom tom-bak pronounciation maybe..hahaha
in simple words – Qadbak owned by Middle Eastern investors..
It's Cut-Back Investments. Lol
Its not swiss taking over swiss. Its Arabs taking over swiss using swiss face.
now what will happen to the supposingly spot given to the lotus team?
now we have 1Malaysia F1 team, how about petronas?
petronas should join the 1malaysia F1 team.
petronas to sponsor brawn.
The Petronas will starting using their Primax 95 in all F1 fleet car to convinced Malaysian about the 95 RON petrol.
slowly the arabs are taking over everything…sign of resurgence maybe?
no more BMW in F1… *sigh*
wow.. 70 million for an F1 team.. thts actually quite a bargain… oh wait.. 70mil pound.. ok then its quite expensive :p
sponsorship from malaysia petronas our state to remain or not and also to exit from the BMW Sauber
i don like Sauber team at all….!! Redbull better than them a lot!!