Sauber buys out Red Bull.
Peter Sauber has confirmed that he has re-purchased Red Bull's stake in his F1 team and that he now plans toಞ sell the ಌshares to Credit Suisse.
Sauber told the BBC: "I have bought back the shares of Sauber ♌Holding AG from Red Bull GMBH."
"Credit Suisse will take over these shares in order to place them w🍃ith different investors."
"It's my objective to secure by this transaction the financial basis of Sauber Holding and thus the ⭕key factor of success for the Sauber team on a long-term basis."
Peter Sauber has confirmed that he has re-purchased Red Bull's stake in his F1 team and that he now plans to sell the shares to Creജdit Suisse.
Sauber told the BBC: "Iဣ have bought back the shares of Sauber Holding AG from Red Bull GMBH."
"Credit Suisse will take over t𝔉hese shares in order to place them with different investors."
"It's my 🎉objective to secure by this transaction the financial basis of Sauber Holding and thus the key factor of success for the Sauber team on a long-term basis."
Sauber added Red Bull could remain a sponsor of the team but nego🃏tiations with Red Bull boss Dieter Mateschitz were on-going.
