F1: American Investors Could Be Behind Sauber Rescue Effort

Formula 1

F1: American Investors Could Be Behind Sauber Rescue Effort

With the Qadbak buyout reportedly in tatters, another investor is set to step in and rescue the Sauber team...

SPEED Staff / GMM | Posted November 26, 2009 GMM Newswire

Peter Sauber founded the BMW-Sauber Team in the early 1990’s. After BMW announced its withdrawal a Qadbak-owned consortium purchased the team. (Photo: LAT Photographic)

With the Qadbak buyout reportedly in tatters, another investor is set to step in and rescue the Sauber team, according to Germany's Auto Motor und Sport.

It was reported this week that, in the wake of BMW's withdrawal from F1, the Qadbak takeover was the poorly funded brainchild of convicted fraudster Russell King.

The collapse of the Qadbak deal would explain the FIA's reluctance to now to grant Sauber the thirteenth guaranteed slot on the 2010 grid, vacated when Toyota announced its decision to leave Formula One.

But Auto Motor und Sport insists there is still hope for the Hinwil based team, in the form of American investors.

The report did not name the investors, but said they are "known" and would be welcomed into the paddock by Bernie Ecclestone, who is keen to bring the US back to his annual race calendar.

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