Indian company puts in BMW offer
Sep 5, 2009 | 05:36 PM
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Indian company puts in BMW offer
Formula One news: Indian company puts in BMW offer - GPUpdate.net Formula One
An Indian consortium has placed an offer to buy the BMW Sauber team. The German manufacturer will be leaving Formula One at the end of 2009 after four full seasons in the sport and latest reports from India explain that the company in question is linked to A1 Grand Prix driver Neel Jani, whose father is Indian.
With the Hinwil-based outfit hoping to stay in F1 once Bavaria's BMW has exited the sport, the Indian group is reported by the Times of India to have placed an offer in the region of €50m ($43.6m).
Team Principal Mario Theissen continues to work with Peter Sauber, ex-team owner and now 20 per cent shareholder, but has stated that the bid from India is one of a selection to be considered. "There are several interested parties and we are just about to evaluate the individual proposals," he explained.
An Indian consortium has placed an offer to buy the BMW Sauber team. The German manufacturer will be leaving Formula One at the end of 2009 after four full seasons in the sport and latest reports from India explain that the company in question is linked to A1 Grand Prix driver Neel Jani, whose father is Indian.
With the Hinwil-based outfit hoping to stay in F1 once Bavaria's BMW has exited the sport, the Indian group is reported by the Times of India to have placed an offer in the region of €50m ($43.6m).
Team Principal Mario Theissen continues to work with Peter Sauber, ex-team owner and now 20 per cent shareholder, but has stated that the bid from India is one of a selection to be considered. "There are several interested parties and we are just about to evaluate the individual proposals," he explained.
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