November 27, 2009
BMW AG announced today that they have reached an agreement with Peter Sauber for Sauber’s acquisition of the former BMW Sauber F1 Team. In doing so, BMW have terminated the planned sale to Qadbak Investment Ltd. The new contract with Peter Sauber is however contingent upon the former BMW Sauber F1 team having a place [...]
Read the full article →
November 26, 2009
Over the last several weeks several reports have emerged that the Qadbak investment in the Sauber Formula 1 team could fall apart, with many questions being raised about the viability of Qadbak, the secretive investment group that agreed to purchase the team from BMW. Swiss newspaper Sonntagszeitung has recently reported that Qadbak far from being [...]
Read the full article →