BMW Sauber sold to Swiss company
Sep 16, 2009 | 08:38 PM
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BMW Sauber sold to Swiss company
Formula One news: BMW Sauber sold to Swiss company - GPUpdate.net Formula One
The BMW Sauber team has confirmed that a buyer has been found in the Swiss Qadbak Investments company. The firm hopes to find a place on the 2010 Formula One grid as the FIA writes to all entrants in order to request permission to enter a fourteenth team.
With Bavarian manufacturer BMW having announced its departure from F1 in July, the team hopes to remain as part of the field following a successful sale to Qadbak, 'a Swiss-based foundation which represents the interests of certain Middle East and European-based families' and which is also rumoured to be the secret owner of England's Notts County football club.
'BMW wishes Qadbak and the Sauber Team every success for the 2010 season and beyond,' a Tuesday statement reads. Sky claim the deal with Qadbak, headed by Swiss entrepreneur Lionel Fischer, to be in the region of £70m.
The BMW Sauber team has confirmed that a buyer has been found in the Swiss Qadbak Investments company. The firm hopes to find a place on the 2010 Formula One grid as the FIA writes to all entrants in order to request permission to enter a fourteenth team.
With Bavarian manufacturer BMW having announced its departure from F1 in July, the team hopes to remain as part of the field following a successful sale to Qadbak, 'a Swiss-based foundation which represents the interests of certain Middle East and European-based families' and which is also rumoured to be the secret owner of England's Notts County football club.
'BMW wishes Qadbak and the Sauber Team every success for the 2010 season and beyond,' a Tuesday statement reads. Sky claim the deal with Qadbak, headed by Swiss entrepreneur Lionel Fischer, to be in the region of £70m.
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