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Sauber secures F1 future as investment materialises
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Sauber has announced it has secured its Formula One future, with financial investment company Longbow Finance S.A. set to “fully acquire Sauber Holding AG which is the ultimate holding company of the Sauber Group.” Sauber’s difficulties have been well documented over the past few years, with meagre resources limiting development and upgrades to the 2016-spec C35. As the only team yet to score a point this year, the Swiss outfit currently sits 11th and last in the Constructors’ championship. The change of ownership will see team founder Peter Sauber, who entered F1 with his eponymous squad in 1993, step down and be replaced by Pascal Picci, the President &...
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