News Details
Andretti says 'control issues' blew up Alfa Romeo F1 deal
Michael Andretti has revealed that "control issues" left him with no other choice but to walk away at the 11th hour from a deal to acquire the Alfa Romeo F1 team. Andretti and Islero Investments, which owns Sauber Motorsport which operates the Alfa F1 team, were down to the final details of a transaction that would have seen Andretti become a majority shareholder in the Swiss outfit when the deal blew up. After the talks had ended, rumors emerged that Islero, owned by Swedish billionaire Finn Rausing, had sought a five-year $50m-a-year payment to guarantee Sauber's ongoing presence on the grid in F1 to counter any potential future shortfall in sponsorship. But Andretti denied...
Full Story »
Full Story »
You May Also Be Interested In...
Andretti explains why Sauber F1 deal fell through
Michael Andretti has explained why his recent venture into Formula 1 with...
3y ago from MotorsportWeek.com
Andretti fiercely rejects rumors: "That...
Shortly after the United States Grand Prix it became clear that the deal...
3y ago from GPBlog.com
Andretti explains "11th-hour" break down of...
Michael Andretti has revealed talks for a takeover of Sauber collapsed at...
3y ago from GPFans.com
Andretti walks away from Sauber takeover talks
Michael Andretti’s anticipated takeover of Sauber appears to be off...
3y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
2d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
2d ago from MotorsportWeek.c...
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
1w ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou chooses to view costly Mid-Ohio mistake as...
Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...
13h ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
14h ago from MotorsportWeek.c...
Scott Dixon capitalizes on Alex Palou’s mistake to...
The beginning of a busy stretch for IndyCar got under way on Sunday, with...
14h ago from MotorsportWeek.c...
Winners and Losers from the IndyCar Mid Ohio 200
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
3d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
4d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
’There is no one like him’: what Martín Zubimendi...
No description available...
2h ago from TheGuardian.com
Revealed: How much Arsenal will pay Viktor Gyokeres in...
Arsenal’s pursuit of Viktor Gyokeres has taken a significant step...
3h ago from CaughtOffside.com
All the best photos of Martin Zubimendi signing for...
Arsenal have completed the high-profile signing of Spanish midfielder...
4h ago from FreshArsenal.com
Arsenal face competition for transfer target as PSG...
According to a report by N Brasil via Madrid Universal, Arsenal could face...
3h ago from SportsKeeda.com
Comments
Hottest News
Fernando Alonso sticks boot in Lewis Hamilton rivalry with...
Two-time world champion Fernando Alonso has once... Read More »
3h ago from GPFans.com
Lando Norris at risk of FIA punishment in post-race drama...
Lando Norris could be at risk of an FIA... Read More »
4h ago from GPFans.com
Russell defends Mercedes’ strategy calls: ‘You need to...
George Russell defended Mercedes’ aggressive... Read More »
28m ago from F1i.com
