US company rumored to buy over Sauber?

Posted in Formula 1, Motorsports / By /

The latest rumor in the Formula 1 paddock is the possible take over of the Sauber Formula 1 outfit by an unnamed American company. Apparently the buyout by Qadbak following BMW’s withdrawal has backfired. According to some reports, the man behind Qadbak’s move is Russell King, a convicted con-man.

The take over was also poorly funded which is why the FIA and other Formula 1 teams are very reluctant in giving the team the green light to race in 2010, even when Toyota has left an empty seat after its departure.

According to Auto Motor and Sport, there is an unnamed American company that is likely to make a move for a take over. Although unnamed, it claims that the company in question is known and would be very much welcomed into the sport by Formula 1’s “godfather” Bernie Ecclestone. Sauber would become the thirteenth team for next season if everything goes well.

Source

Looking to sell your car? Sell it with Carro.

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Harvinder Sidhu

Harvinder Singh Sidhu thinks there's nothing better than Formula 1, not even sliced bread. Having written about cars since 2006, he plunged head first into the industry out of a passion for all things four-wheeled and everything in between. The F1 enthusiast has been following the sport since 1999 and has been keeping up with it since. In between races he keeps himself busy as the host of the Driven motoring show and as our version of the Joker.

 

Comments

  • blogstone on Nov 27, 2009 at 10:31 pm

    Good morning, today there will be a pressconference at 11, check out my blog.

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • Mazda 3 MPS on Nov 27, 2009 at 11:48 pm

    PFFT….AMERICANAS IN F1

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • ariff on Nov 28, 2009 at 12:51 am

    is Petronas still gonna sponsor this team?

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • mystvearn on Nov 28, 2009 at 1:00 am

    What pressconference? 1Malaysia team?

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • Head Hunter on Nov 28, 2009 at 1:52 am

    CON MAN????

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • scanzew on Nov 28, 2009 at 2:06 am

    yeah 'right'….petronas start to sponsoring US product…petronas start to supplying money to jews!!! very 'good'………….

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • scanzew on Nov 28, 2009 at 2:17 am

    please petronas…do not start supplying money israel buy sponsoring Sauber under US company…just go for Lotus f1 lot better

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • clone on Nov 28, 2009 at 6:20 am

    but anybody read this news?

    http://www.formula1.com/news/headlines/2009/11/10…

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • clone on Nov 28, 2009 at 6:22 am

    did anybody read this news?

    http://www.formula1.com/news/headlines/2009/11/10…

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • Tiadaid on Nov 28, 2009 at 8:05 am

    Don't worry guys, Sauber is returning to Peter Sauber. Now I wonder would Petronas stay on as main sponsor. They've been sponsoring Sauber for 13 years now…sad to see it go.

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • Mazda 3 MPS on Nov 28, 2009 at 11:15 pm

    i find it funny, when everybody is quitting f1, why are the Malaysians joining f1?

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
  • Ferruccio on Nov 30, 2009 at 7:02 pm

    Tiadaid said,

    November 28, 2009 @ 12:05 am

    Don’t worry guys, Sauber is returning to Peter Sauber. Now I wonder would Petronas stay on as main sponsor. They’ve been sponsoring Sauber for 13 years now…sad to see it go.

    _____________________________________________________________________________

    After 13 years no knowledge transfer, no engineers, drivers, mechanics, etc to show off the F1 involvement.. no human capital development..I think thats even sadder..

    Like or Dislike: Thumb up 0 Thumb down 0
    Reply
 

Add a comment

required

required