All rights reserved.Andretti Global chairman Michael Andretti said: 'We are well suited to be a new team for F1 and can bring value to the series.'Īndretti said he was 'seeking to compete as soon as practical'.Īnd he said he wanted 'at least one American driver.' Terms of Use and Privacy Policy and Safety Information / Your California Privacy Rights are applicable to you. ^ Back to Top ^ © 2023 ESPN Internet Ventures. Islero are linked to Swedish billionaire Finn Rausing.Īndretti has interests in Ind圜ar, the electric Formula E and Extreme E series as well as sportscars.įerrari-powered Alfa, ninth in the standings, have signed Finland's Valtteri Bottas from reigning champions Mercedes for 2022 but have yet to confirm their full lineup.

Swiss-based Sauber were bought by investment firm Longbow Finance in 2016, with Islero Investments taking control of Sauber Holdings in 2018. That's what killed the deal,' said the American, who has long wanted to add a Formula One team to his motorsport activities. 'It basically came down to control issues in the final hours of the negotiations. 'That couldn't be further from the truth,' he said. 'I'd just like to put an end to some of these rumours that the deal fell through because of financial reasons,' the Andretti Autosport boss told reporters after announcing rookie Devlin DeFrancesco as his latest Ind圜ar signing. motor racing entrepreneur Michael Andretti said on Thursday that 'control issues' had led to the collapse of takeover talks with the owners of Sauber, who run the Alfa Romeo Formula One team.Īndretti - a former Ind圜ar champion, F1 racer and son of 1978 Formula One world champion Mario - had been in advanced talks with Sauber ahead of last month's U.S. Michael Andretti says 'control issues' killed Sauber F1 deal You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser

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