Home Health Andretti reports abandoned acquisition of Sauber / Alfa Romeo F1[F1-Gate .com]

Andretti reports abandoned acquisition of Sauber / Alfa Romeo F1[F1-Gate .com]

by news dir

Andretti Autosport was reported to have abandoned the acquisition of Sauber / Alfa Romeo F1. This may have prevented Andretti from entering F1 at least in the short term.

Andretti aims to acquire an 80% stake in Islero Investments, owned by Swedish billionaire Finn Rausing, who owns Sauber Motorsport and its flagship Alfa Romeo F1 team, The Race reports. rice field.

The parties appear to have agreed on a purchase price of 80% of Islero Investments. However, Finn Rausing reportedly called for a five-year $ 50 million payment to guarantee Sauber’s presence on the F1 grid to counter the potential future shortage of sponsorship. ..

Andretti is believed to have been discouraged by the request made during the final phase of the negotiations between the parties. For Andretti, this sudden condition was unrealistic.

Finn Rausing isn’t always willing to sell, and given the bullish outlook for F1 and how the franchise could increase in value, Islero Investments holds Sauber’s assets. It is believed that he is completely satisfied with being there.

Andretti’s involvement led to speculation that Colton Herta, a member of IndyCar’s team, would be a candidate for the 2022 driver for Alfa Romeo F1.

The breach of negotiations will once again put the spotlight on drivers partnering with Valtteri Bottas in Alfa Romeo F1 in 2022.

Alfa Romeo F1 team representative Frederick Vasul lists three candidates on the second sheet. Chinese driver Guanyu Zhou, incumbent Antonio Jobinati, and current F2 championship leader Oscar Piastri.

Guanyu Zhou, who is said to bring huge amounts of Chinese sponsor money, is likely to sign a one-year contract with Alfa Romeo F1.

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Oscar Piastri is unlikely to be released by Alpine F1 with a upbringing contract, and Antonio Jobinati’s performance cannot justify maintaining the seat.

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Category: F1 / Sauber / Alfa Romeo Racing

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