News Details
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...
Full Story »
Full Story »
You May Also Be Interested In...
Andretti explains why Sauber F1 deal fell through
Michael Andretti has explained why his recent venture into Formula 1 with...
4y ago from MotorsportWeek.com
Andretti fiercely rejects rumors: "That...
Shortly after the United States Grand Prix it became clear that the deal...
4y ago from GPBlog.com
Andretti explains "11th-hour" break down of...
Michael Andretti has revealed talks for a takeover of Sauber collapsed at...
4y ago from GPFans.com
Andretti walks away from Sauber takeover talks
Michael Andretti’s anticipated takeover of Sauber appears to be off...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
31m ago from MotorsportWeek.c...
Honda wouldn’t even be in top 10 without mid-year...
No description available...
1h ago from Motorsport.com
Why Ducati had no doubt that Alex Marquez...
No description available...
21h ago from Motorsport.com
Marc Marquez propels MotoGP to record figures in 2025
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
21h ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1d ago from Motorsport.com
IndyCar boss Doug Boles explains new officiating system
No description available...
1d ago from Motorsport.com
Momentum building for IndyCar’s inaugural Arlington...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota brings Corolla back to rallying with all-new...
No description available...
4h ago from Motorsport.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
1m ago from Motorsport.com
Does Martins Sesks have a future with M-Sport in WRC?
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Paul Merson predicts Tottenham vs Liverpool, Everton...
No Mohamed Salah discussions in the Premier League this weekend because...
1h ago from SportsKeeda.com
Everton vs Arsenal Prediction and Betting Tips | 20th...
The Premier League returns to the fold with another round of matches this...
2h ago from SportsKeeda.com
Chelsea put 8 million bid on the table in attempt to...
Chelsea have reportedly put up a 8 million bid for AS Saint-Etienne...
3h ago from SportsKeeda.com
'I don't want to leave' – Arsenal star ends all...
Gabriel Jesus has delivered a powerful statement of intent regarding his...
4h ago from CaughtOffside.com
Comments
Hottest News
Why Red Bull is braced to endure ‘a tough few months'...
Red Bull boss Laurent Mekies has warned that the... Read More »
41m ago from MotorsportWeek.com
F1 2026: Dates, times and how to watch every team launch
With the 2026 season fast approaching, here are... Read More »
30m ago from GPFans.com
An ode to Renault: How success led to the death of an F1...
Renault will not feature on the F1 grid in 2026... Read More »
1h ago from MotorsportWeek.com
