BMW: No Sauber Buyout

Williams' engine supplier BMW has shot down rumours that they have agreed a $270 million (US Dollars) deal to buy the Sauber Formula One team while refusing to rule out the possibility of a future deal

BMW: No Sauber Buyout

Reports in the Circuit Gilles Villeneuve suggested on Friday that BMW had stepped on from plans to supply engines to the team and concluded a much-anticipated deal to buy the team outright.

But BMW motorsport boss Mario Theissen insisted: "We do not have any agreement so far. We had several meetings, talks are going on and I expect a positive result, which means an agreement."

Theissen refused to comment on whether that agreement would be purely supply or team ownership but recent rumours suggest the relationship between BMW and Williams could now be irreparable.

Problems with the relationship were heightened earlier this week when comments from Williams owner Patrick Head were quoted by Italy's Sport Auto Moto, in which he accused BMW of being dishonest.

Head was quoted as criticising BMW for not sharing the blame for the team's poor early season performance and both Theissen and team principal Sir Frank Williams refused to comment further when asked in Montreal.

BMW currently supply the Williams team with engines but earlier this year began discussions with both Red Bull Racing and Sauber over possible supply deals for 2006 and beyond.

Red Bull have now signed with Ferrari for next year leaving Sauber, who currently run with Ferrari, needing a new supplier and BMW are believed to have discussed the possibility of ditching Williams completely.

Sauber denied the suggestion that a deal is already done and a spokesman said: "Everyone knows that we are in discussions and we expect to reach an agreement in June. This story of a sale is not true."

shares
comments
Friday's Selected Quotes - Canada

Previous article

Friday's Selected Quotes - Canada

Next article

Stewart Lines Up Ultimate GP Auction

Stewart Lines Up Ultimate GP Auction
Load comments

About this article

Series Formula 1
Teams Sauber
How “overwhelming” McLaren move has given Ricciardo a new verve Plus

How “overwhelming” McLaren move has given Ricciardo a new verve

Daniel Ricciardo has found a new lease of life at McLaren – a move that’s been years in the making, as he explains to STUART CODLING…

The German legend who raced and beat Nuvolari Plus

The German legend who raced and beat Nuvolari

Ninety years ago, Rudolf Caracciola became the first non-Italian to win the epic Mille Miglia. We look at how he stacks up to the most famous pre-war ace Tazio Nuvolari, one of the drivers he beat on that day in 1931

How 2021's midfielders have taken lessons from F1's top teams Plus

How 2021's midfielders have taken lessons from F1's top teams

Formula 1’s latest Imola adventure turned into an expensive trip for many teams due to several crashes throughout the weekend. While balancing the books is an added factor in 2021 with the cost cap, a few midfield teams have cashed in early on development investments

Formula 1
Apr 19, 2021
Emilia Romagna Grand Prix Driver Ratings Plus

Emilia Romagna Grand Prix Driver Ratings

A frantic wet race at Imola produced plenty of excitement and drama as drivers scrabbled for grip. Amid the hatful of mistakes and incidents that ensued, who kept their noses cleanest?

Formula 1
Apr 19, 2021
How the Emilia Romagna GP result hinged on three crucial saves Plus

How the Emilia Romagna GP result hinged on three crucial saves

Rain before the start of the Emilia Romagna Grand Prix promised to spice up the action, and the race certainly delivered on that. Max Verstappen got the best launch to win from Lewis Hamilton, but both got away with mistakes that could have had serious consequences

Formula 1
Apr 19, 2021
The back-bedroom world-beater that began a new F1 era Plus

The back-bedroom world-beater that began a new F1 era

The first in a line of world beaters was designed in a back bedroom and then constructed in a shed. STUART CODLING recalls the Tyrrell 001

Formula 1
Apr 18, 2021
The clues Hamilton’s F1 contract afterthought gives to his future Plus

The clues Hamilton’s F1 contract afterthought gives to his future

The Formula 1 world reacted with surprise when it learned Lewis Hamilton’s long-awaited new Mercedes deal guarantees his presence on the grid only until the end of 2021. Both parties claimed publicly they were happy with the arrangement but, asks MARK GALLAGHER, is there more to it than that?

Formula 1
Apr 17, 2021
How a harshly ejected Red Bull star has been hooked by racing again Plus

How a harshly ejected Red Bull star has been hooked by racing again

Driver-turned-DJ Jaime Alguersuari lost his love for motorsport when he was booted out of Formula 1 just as he was starting to polish his rough edges. Having drifted from category to category then turned his back on racing altogether in 2015, he’s come full circle and is planning a return in karts for fun

Formula 1
Apr 17, 2021