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Andretti takes step closer to Alfa Romeo takeover

US motorsports organisation Andretti are a step closer to a takeover deal with Sauber Motosports who operates Alfa Romeo's F1 team. An investment company led by Michael Andretti looks set to take over a significant stake in Islero Investments. Islero Investmets, the company set up to take ownership of Sauber Motorsport, is owned by Longbow Finance: the group that bought Sauber back in 2016. As reported via RacingNews365.com, Andretti could potentially spend some 350 million euro to take over both Sauber Motorsport and Sauber Engineering. Andretti has previously expressed an interest in Formula 1 when they were one of the four parties interested in buying Racing Point (then Force India)...
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