06-Aug-09: Sauber Rues Failed BMW Takeover Bid
August 6, 2009 by Christine
Filed under Daily F1 News
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It’s the 6th August 2009 and this is F1 Minute.
Last week, BMW confirmed they were quitting F1 at the end of the year. It’s been mostly quiet since then, with a solution hoping to be found before today – the deadline to sign the Concorde Agreement. That hasn’t been possible and Mario Theissen says: “The tight timeframe we faced simply did not allow us and the interested parties and investors enough time to find a solution for such a complex transaction.” Meanwhile, Peter Sauber wanted to takeover the team, but says BMW wanted too much for the deal. He says: “I am incredibly disappointed and disconsolate. For me this is the bitterest day in my 40-year career in motor sport. It is also a devastating setback for the team. Other solutions must now be sought. The responsibility for that lies in the hands of BMW. Needless to say, I am willing to help, as before.” It looks like for now we must continue to wait and see.
That’s all for now, I’ll be back tomorrow with another F1 Minute.
