Connect with us

F1 top news

Ericsson’s backers have bought Sauber F1 team

Published

on

Ericsson's backers have bought Sauber F1 team

Ericsson’s backers have bought Sauber F1 team

Monisha Kaltenborn has declined to confirm or deny reports it is Marcus Ericsson’s Swedish backers who have bought the Sauber team.

The Swiss outfit announced on Wednesday that it will be fully acquired by a Swiss-based group called Longbow Finance, resulting in the retirement of founder Peter Sauber.

“As a Swiss company, we are very pleased with having secured the future of a Swiss presence in a highly specialised and innovative industry,” said Longbow’s Pascal Picci.

But the Swiss newspaper Blick claims that Longbow is in fact powered by Tetra Laval, a Swedish multinational headed by billionaire Hans Rausing that already finances Sauber driver Marcus Ericsson’s seat.

“On the background of the purchase agreement, we do not comment,” Kaltenborn, who remains team boss, told the newspaper when asked about the Tetra Pak rumours on Thursday.

She also would not say what Longbow has paid for the team, which will continue to be called Sauber.

Kaltenborn admitted: “Of course I am very relieved and happy that we found a solution. It is certainly one of the best days in my tenure as team boss.

“Now we need to stabilise as a company and then move forward step by step.

“Having a competitive car as soon as possible is one of the key strategic objectives,” she added. “But giant leaps should not be expected this season.

“The challenges remain enormous, but now at least they are positive challenges.”

Kaltenborn also would not comment on claims that, with Ericsson’s backers now owning Sauber, the 25-year-old Swedish driver’s career is at least secure.

“As I said, we will analyse and discuss all of this in the next weeks. We only ever do contracts for one year with drivers,” she insisted.

Comments

Latest Results




Latest F1 News

2018 F12 days ago

Ricciardo is not happy with Verstappen, It’s a risk – Massa

Felipe Massa says he can understand why Daniel Ricciardo decided to quit Red Bull. Ricciardo, one of F1’s top drivers,...

2018 F13 days ago

Stroll leads Force India rescue deal

Force India has been rescued by a consortium led by Lawrence Stroll, the billionaire father of Williams driver Lance Stroll....

2018 F15 days ago

Giovinazzi targeting 2019 Sauber race seat

Antonio Giovinazzi admits he has an eye on a Sauber seat for 2019. Ferrari’s other protege, Charles Leclerc, is linked...

2018 F15 days ago

Stroll should leave Williams now – Villeneuve

Jacques Villeneuve thinks Canadian countryman Lance Stroll should leave Williams immediately. Stroll’s billionaire father Lawrence is leading the consortium that...

2018 F11 week ago

Alonso could leave F1 for 2019 Indycar – McLaren boss

Zak Brown has admitted it is possible Fernando Alonso will leave McLaren and F1 for the Indycar series in 2019....

2018 F11 week ago

World to leave Michael Schumacher ‘in peace’ – Todt

Jean Todt has called for the world to leave F1 legend Michael Schumacher “in peace”. The condition of the seven...

2018 F11 week ago

Niki Lauda on road to recovery after lung transplant and coma

Niki Lauda looks to be on the road to recovery. The F1 world was in shock last week when it...

2018 F11 week ago

Villeneuve plays down ‘Hamilton-Jesus Christ’ comparison

Jacques Villeneuve has played down quotes that suggested he thinks Lewis Hamilton behaves like Jesus Christ. The quotes spread like...

2018 F11 week ago

Too early to assess F1 2019 wing – Kubica

Robert Kubica says it’s too early to assess the effectiveness of the new front wings for 2019. Several teams, including...

2018 F11 week ago

Norris waiting on Alonso’s decision for 2019 F1

Lando Norris says it is up to McLaren to decide if he will make his F1 debut in 2019. The...




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