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. Formula 1 world champion of 1978, Mario Andretti, says he believes the Andretti team bid to enter F1 is a chance for the USA to be represented properly in the sport. However, last weekend, there was a different Andretti in F1, as Michael’s legendary father Mario (an F1 and Ind圜ar champion himself) got the opportunity to drive a McLaren F1 car around Laguna. "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 The team currently is most prominent in the Ind圜ar Series, where it has a four-car stable. 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 Mario Andretti is a former F1 champion and Michael also competed in 13 F1 races in 1993.
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