Connect with us

2014 F1

Sauber sale to billionaire Stroll in doubt – reports

Published

on

Sauber-sale-to-Canadian-billionaire
Sauber’s potential sale to a Canadian billionaire could have collapsed.

It has been strongly rumoured in past days that Lawrence Stroll, a fashion mogul with close links to Ferrari, could buy the financially struggling Swiss team.

Spain’s El Mundo Deportivo claims Stroll, whose son Lance is a Ferrari ‘academy’ driver, has also tried to put together a consortium to buy F1’s commercial rights.

“But mostly it was said in the Monza paddock that he is very close to buying Sauber,” said the report.

“If the deal is not done yet it is because it is said Peter Sauber is asking for too much money.”

Particularly sceptical is the closely Sauber-linked F1 correspondent Roger Benoit, who writes in Blick newspaper that “All previous attempts to buy Sauber have failed for various reasons”.

But Canada’s French-language La Presse thinks Stroll could be the real deal.

A man who knows him well is former Montreal F1 chief Normand Legault, who like Stroll is closely aligned with the race circuit scene in Canada — Stroll owns the Mont Tremblant track.

“He has been very close to Ferrari for years,” Legault told La Presse. “He knows motor sport, the F1 paddock and Bernie Ecclestone very well.

Legault said the reports linking Sauber with Stroll “could be very credible”.

But Roberto Chinchero, the correspondent for Italy’s Autosprint, could be the bearer of bad news about the health of the Stroll bid.

“It seemed like the negotiations were coming to a successful conclusion,” he said, “but instead everything collapsed on the eve of the Italian grand prix.” (GMM)

Comments

Latest Results




Latest F1 News

2018 F13 hours ago

Verstappen beats Hamilton to top spot in German GP practice

1ShareMax Verstappen was fastest in second practice in German Grand Prix, the Dutchman kept Red Bull Racing’s striking form at...

2018 F18 hours ago

Practice 1 Results: German Grand Prix

60Shares2018 German Grand Prix Practice 1 Results (FP1): First free practice results and Timings (FP1) for the eleventh round of...

2018 F19 hours ago

Bottas signed, Mercedes completed its driver line-up for 2019

198SharesValtteri Bottas has signed a new one-year contract extension with Mercedes, his team Mercedes have officially announced. It follows Mercedes...

2018 F110 hours ago

We are not negotiating with Kubica – Haas F1

1ShareGunther Steiner has rejected speculation Haas might sign up Robert Kubica for 2019. Pole Kubica is the reserve driver at...

2018 F111 hours ago

The F1 Silly Season: Who will be driving where for 2019 F1?

4SharesWith the German Grand Prix spotted the midway point in the 2018 Formula 1 Season, it now feels like the...

2018 F12 days ago

F1 should be a dictatorship – Berger

11SharesFormula one needs to return to its days as a dictatorship. That is the view of Gerhard Berger, the F1...

2018 F12 days ago

We have great confidence in Honda – Red Bull

1ShareChristian Horner remains confident Honda is the right move for Red Bull. The Red Bull boss said that at Silverstone...

2018 F12 days ago

F1 steward Mika Salo admits Ferrari penalties controversy

11SharesF1 steward Mika Salo has acknowledged the controversy over penalties given to Ferrari drivers in recent races. After Sebastian got...

2018 F12 days ago

McLaren, Williams, admit need for change

77SharesAn anonymous engineer says struggling once-great F1 teams Williams and McLaren need to make sweeping changes. Both British teams have...

2018 F12 days ago

Hamilton is stronger than Vettel – Briatore

260SharesFlavio Briatore thinks Mercedes is still the favourite for the 2018 world championship. Ferrari’s Sebastian Vettel has taken an 8...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media