News Details
Andretti takeover talks with Sauber set to ramp up in Austin
Team owner Michael Andretti will reportedly meet with representatives of Sauber at the US Grand Prix in Austin in two weeks to discuss a potential takeover of the Alfa Romeo F1 team. Andretti made public in August his interest in expanding Andretti Autosport's activities into F1 if the right opportunity at the right price came along. To support such a move, a special purpose acquisition company – the Andretti Acquisition Company – filed last February with the US Securities and Exchange Commission to raise up to $250 million in an initial public offering. It is believed that Andretti held preliminary talks with Haas, but also had an eye at the time on Williams. However, Andretti's focus...
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