Indian group in the frame for BMW Sauber takeover

sajands · 6th September 2009, 10:45

A group of Indian investors have made an offer to buy the BMW Sauber team.
BMW announced that it will pull out of Formula One at the end of year due to the costs of competing and a lack of results.
However, team boss Mario Theissen has vowed to continue developing the team to attract new investors and ensure the survival of the Hinwil and Munich outfit.
That lifeline could come from an Indian consortium, according to a report by the Times of India.
“Indian investors have made an application to purchase the BMW-Sauber team,” the newspaper quoted unnamed sources as saying.
The group is believed to have placed an offer of around 50 million euros and the deal would see the arrival of Swiss driver Neel Jani, who currently features in the A1 GP series and whose father is Indian.
However, Theissen has confirmed that there are other potential buyers.
“There are several interested parties and we are just about to evaluate the individual proposals,” he explained.

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Do we see another Force INDIA Sauber in the making

McLaren Rulez · 6th September 2009, 10:57

Being discussed in the BMW to exit F1 thread. Mods, can we close this?

6th September 2009, 10:45	#1
sajands BHPian Join Date: Mar 2005 Location: Bangalore Posts: 941 Thanked: 347 Times View My Garage	Indian group in the frame for BMW Sauber takeover A group of Indian investors have made an offer to buy the BMW Sauber team. BMW announced that it will pull out of Formula One at the end of year due to the costs of competing and a lack of results. However, team boss Mario Theissen has vowed to continue developing the team to attract new investors and ensure the survival of the Hinwil and Munich outfit. That lifeline could come from an Indian consortium, according to a report by the Times of India. “Indian investors have made an application to purchase the BMW-Sauber team,” the newspaper quoted unnamed sources as saying. The group is believed to have placed an offer of around 50 million euros and the deal would see the arrival of Swiss driver Neel Jani, who currently features in the A1 GP series and whose father is Indian. However, Theissen has confirmed that there are other potential buyers. “There are several interested parties and we are just about to evaluate the individual proposals,” he explained. Indian group in the frame for BMW Sauber takeover \| Forumula1.net \| F1 News \| Formula 1 Forums \| Formula One Discussion Do we see another Force INDIA Sauber in the making
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6th September 2009, 10:57	#2
McLaren Rulez Senior - BHPian Join Date: Dec 2007 Location: Mysore Posts: 3,390 Thanked: 5,107 Times	Being discussed in the BMW to exit F1 thread. Mods, can we close this?
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