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Formula 1 team scraps potential million-dollar deal

Article To news overview © Alfa Romeo A potential million-dollar sale of the Sauber Group to Andretti Autosport has been scrapped, RacingNews365 understands from a source close to the negotiations. A few weeks ago the news came out that Michael Andretti, son of racing legend Mario Andretti and owner of American Andretti Autosport, was on the verge of acquiring a large stake in Swiss Sauber Motorsports, who the Alfa Romeo F1 team are operated by. Andretti wanted to acquire 80 percent of the shares of Islero Investments, the current owners of Sauber. However, Sauber's current owners decided not to sell the team because Andretti could not meet certain conditions that were set. The two...
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