BMW finds a buyer for the Sauber Formula 1 Team

Racing | September 15th, 2009 by 6

At the Frankfurt Auto Show, we learned that BMW has found a buyer for the Sauber Formula 1 Team.  Here is the short press release …

At the Frankfurt Auto Show, we learned that BMW has found a buyer for the Sauber Formula 1 Team.  Here is the short press release below:

BMW AG, based in Munich, Germany, is pleased to announce today that Qadbak Investments Ltd, a Swiss-based foundation which represents the interests of certain Middle East and European based families, has agreed to purchase the BMW Sauber F1 Team, based in Hinwil, Switzerland. The contract was signed today (Tuesday).

A strong investor has therefore been found for the Hinwil-based team. Qadbak´s interest in the team will be represented by Lionel Fischer, a Swiss national.

2009launchbmw s02031 655x445 BMW finds a buyer for the Sauber Formula 1 TeamBMW wishes Qadbak and the Sauber Team every success for the 2010 season and beyond.

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