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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...
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