From GMM
According to Germany's Auto Motor und Sport, with the Qadbak buyout reportedly in tatters, another investor is set to step in and rescue the Sauber Formula 1 team.
It was reported this week that, in the wake of BMW's withdrawal from F1, the Qadbak takeover was the poorly funded brainchild of convicted fraudster Russell King.
The collapse of the Qadbak deal would explain the FIA's reluctance so far to grant Sauber the thirteenth guaranteed slot on the 2010 grid, vacated when Toyota announced its decision to leave formula one.
But Auto Motor und Sport insists there is still hopes for the Hinwil based team, in the form of American investors.
The report did not name the investors, but said they are "known" and would be welcomed into the paddock by Bernie Ecclestone, who is keen to bring the US back to the F1 race calendar.
photo:WRI2
According to Germany's Auto Motor und Sport, with the Qadbak buyout reportedly in tatters, another investor is set to step in and rescue the Sauber Formula 1 team.
It was reported this week that, in the wake of BMW's withdrawal from F1, the Qadbak takeover was the poorly funded brainchild of convicted fraudster Russell King.
The collapse of the Qadbak deal would explain the FIA's reluctance so far to grant Sauber the thirteenth guaranteed slot on the 2010 grid, vacated when Toyota announced its decision to leave formula one.
But Auto Motor und Sport insists there is still hopes for the Hinwil based team, in the form of American investors.
The report did not name the investors, but said they are "known" and would be welcomed into the paddock by Bernie Ecclestone, who is keen to bring the US back to the F1 race calendar.
photo:WRI2