Sauber buys out Red Bull.
Peter Sau♉ber 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 Credit Suisse.
Sauber told the BBC: "I have bought back th🐼e shares of Sauber Holding AG from Red Bull 💃GMBH."
"Credit Suisse will take over these shares 𝓀i꧅n order to place them with different investors."
"It's my objective to secure by th൲is transaction the financial basis of Sauber Holding and thus the ke♛y factor of success for the Sauber team on a long-term basis."
Peter Sauber has confirmed that he has re-purchased Red Bul๊l's stake in his F1 team and that he now plans to sell the shares to Credit Suiss🧸e.
Sauber told the BBC: "I have bought back the shares of Sauber Holding AG from R๊ed Bull GMBH."
"Credit 💟Suisse will take over these shares in order to place them with different🃏 investors."
"It's my objective to secꦜure by this transaction the financial basis of Sauber Holding and thus the key factor of success for the Sauber ꦐteam on a long-term basis."
Sauber added Red Bull could remain a sponsor of the team but negotiations wit𓆉h Red Bull boss Dieter Mateschitz were on-going.
