BMW sells F1 team back to Peter Sauber

BMW has agreed to sell its Formula 1 team back to Peter Sauber, on condition that the team receives an entry for 2010, after announcing its original sale to Qadbak Investment Ltd. will not be completed

BMW sells F1 team back to Peter Sauber

The German car maker announced earlier this year it was pulling out of Formula 1, but said it had agreed a deal with Swiss company Qadbak, which was to run the team in the future.

BMW said on Friday however that the Qadbak deal would not be completed.

Instead, the car maker has sold the team back to Peter Sauber, who founded his F1 team in 1993 and ran it until BMW bought it four years ago.

"We are very happy with this solution," said Dr Klaus Draeger, Member of the Board of Management of BMW AG. "This fulfils the most important requirement for a successful future for the team.

"Our relationship with Peter Sauber has always been excellent and marked by absolute respect. We would like to express our thanks to Peter Sauber and the whole team for the excellent cooperation during the recent four years."

Sauber added: "I am very relieved that we have found this solution. It means we can keep the Hinwil location and the majority of workplaces. I am convinced that the new team has a very good future in Formula 1, whose current transformation with new framework conditions will benefit the private teams.

"Our staff here are highly competent and motivated, and I look forward to taking on this new challenge together with them. I would like to thank BMW for four shared years that have in the main been very successful."

A further agreement with Sauber proposes personnel cuts from the current level of 388 to around 250 employees.

The future of the team in Formula 1 remains unclear, however, as the FIA is yet to confirm its grid slot for 2010.

shares
comments
VW considering F1 engine supply

Previous article

VW considering F1 engine supply

Next article

Force India retains Sutil and Liuzzi

Force India retains Sutil and Liuzzi
Load comments
The IndyCar feature that Paul Ricard desperately needs in F1 Plus

The IndyCar feature that Paul Ricard desperately needs in F1

OPINION: The French Grand Prix offered a surprisingly interesting spectacle, despite the headache-inducing nature of the circuit. But IndyCar's Road America race offered far more in terms of action - and the increased jeopardy at the Elkhart Lake venue might be something Paul Ricard needs in future...

French Grand Prix Driver Ratings Plus

French Grand Prix Driver Ratings

The French GP was a weekend decided by tiny margins both at the front of the field, as Red Bull inflicted a comeback defeat on Mercedes, and in the battle for the minor points places. That's reflected in our driver ratings, where several drivers came close to a maximum score

Formula 1
Jun 21, 2021
How Red Bull took French GP "payback" on a day of Mercedes mistakes Plus

How Red Bull took French GP "payback" on a day of Mercedes mistakes

The French GP has been a stronghold for Mercedes since Paul Ricard's return to the calendar in 2018. But that all changed on Sunday, as a clever two-stop strategy guided Red Bull's Max Verstappen to make a race-winning pass on the penultimate lap - for once leaving Mercedes to experience the pain of late defeat it has so often inflicted on Red Bull

Formula 1
Jun 21, 2021
The new age of sponsorship facilitated by F1’s relevancy push Plus

The new age of sponsorship facilitated by F1’s relevancy push

The age of the high-profile title sponsor is over, says JONATHAN NOBLE, but Formula 1’s commitment to technological innovation is attracting high-tech partners

Formula 1
Jun 20, 2021
How Britain’s lost Ferrari star epitomised a bygone F1 era Plus

How Britain’s lost Ferrari star epitomised a bygone F1 era

The 1956 Italian Grand Prix was over for Juan Manuel Fangio, along with his hopes of winning the world championship – until his Ferrari team-mate (and title rival) voluntarily surrendered his own car so Fangio could continue. NIGEL ROEBUCK recalls Peter Collins, a remarkable sportsman

Formula 1
Jun 19, 2021
The 'surprise' Mercedes time that puts F1's victory fight back on a knife-edge in France Plus

The 'surprise' Mercedes time that puts F1's victory fight back on a knife-edge in France

Red Bull led the way after the first two practice sessions for the 2021 French Grand Prix, but only just ahead of Mercedes. There was all the usual practice skulduggery complicating the performance picture, but one aspect seen at the world champion squad gave it a ‘surprise’ lift, as it looks to leave its street-circuit struggles firmly in the past

Formula 1
Jun 18, 2021
How Ferrari got its F1 recovery plan working Plus

How Ferrari got its F1 recovery plan working

After its worst campaign in 40 years, the famous Italian team had to bounce back in 2021 – and it appears to be delivering. Although it concedes the pole positions in Monaco and Baku paint a somewhat misleading picture of its competitiveness, the team is heading into the 2022 rules revamp on much stronger footing to go for wins again

Formula 1
Jun 18, 2021
The joy that exposes F1’s key weakness Plus

The joy that exposes F1’s key weakness

Long-awaited wins for ex-Formula 1 drivers Marcus Ericsson and Kevin Magnussen in IndyCar and IMSA last weekend gave F1 a reminder of what it is missing. But with the new rules aimed at levelling the playing field, there’s renewed optimism that more drivers can have a rewarding result when their day of days comes

Formula 1
Jun 17, 2021