BMW Finally Sells Sauber Team

BMW have successfully sold the BMW Sauber team to a Swiss based company called Qadbak. The sale comes after months of negotiations between BMW and Peter Sauber, who was desperate to save the team from extinction. To help make the team more attractive to new buyers, BMW secured entry for the team in next year's championship, even though BMW had already confirmed that they would be leaving the sport. The Sauber team, based in Hinwil Switzerland, boasts high tech facilities, including a state of the art wind tunnel. The team was sold for around $80 million. Qadbak is an investment company, of which little is known due to the discreet nature of its wealthy "Middle Eastern and European based families". The company also purchased ...

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