Formula One: BMW dead deal, cleaning takes

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DonDahlmann of November 27, 2009 at 13:59 in F1

Sales of the BMW team in the Arab investor Qadbak allegedly failed. Instead, the store will go to Peter Sauber.

BMW F1.09 As at 15th September , the message appeared that BMW had sold his shares in the Formula One team, the relief would be felt, but remained somewhat skeptical. Because the name "Qadbak" said nobody's business and also in the weeks after that no one got out who is behind the investment firm. Supposedly wealthy Arabs, then again rich Indians, then just any people with money. The General Sunday newspaper reported last weekend that was behind only the empty frame Qadbak an investment company that could not muster the necessary guarantees. Apparently, BMW, and the business representatives from BMW, can hide, because the store as quickly as possible would be going on. It was already amazing enough that you have conjured up a buyer within only one month out of the hat. This is also such a high-caliber could pull out of the quiver, then what really remarkable. But behind the scenes, it was probably running high.

An indication that mainly between the Swiss arm and BMW have developed severe tensions within the team, there were already a few weeks ago. Oswald Gruebel, chief of the USB Bank and member of the Board of Clean, quite suddenly and unexpectedly threw up his job. And without any justification and without the usual warm words with which we are accustomed to cover other such tensions. There are rumors that Gruebel was against the deal with Qadbak after his bank had gained some knowledge. Indeed, it seems as if the Swiss group, including the sale to Peter Sauber Qadbak was not just set a positive move. Clean, a source said, has warned in October, BWM, not everything is going right things at Qadbak. BMW has set but still kept on sale. It was not until the middle of November, the first rumors leaked that would not be behind the expected Qadbak investors, began to negotiate with Peter Sauber. At the same time let the FIA ​​that the finances of a team so look very closely, probably hinted that it would Sauber Qadbak be no confusion because of the startup license. BMW had so suddenly massive pressure.

Now BMW has announced that it would sell the shares to Peter Sauber. According to my information, this is a management buyout as Brawn, albeit without the financial obligations. Clean, takes his team will continue with it but the money an investor. Apparently so an investor from the United States has emerged. Who is this "uncle from the USA" should be is not known.

As it may, rarely, a manufacturer has made so ridiculous, like BMW with the hasty exit. Honda has, after you have pulled the tail, at least had the backbone to send the team for 12 months in a secure future. BMW Sauber's exactly what Peter had offered in the summer. An immediate management buyout, investors incl. But while BMW was flowing too little money in their pockets, so we had to sign the Concorde Agreement expire, thus losing even the launch site. When they finally came, it came a day too late, because the FIA ​​had meanwhile taken up Lotus F1.

Now you're back exactly sure where it was summer, the only one still does not have a starting place and gets no money. Now, BMW, or the leadership team, the drama is not directly to blame. Those deals are pulled through by consulting firms, banks and other organizations. The sign boards at the end. Still, it seems of course extremely embarrassing. The complete withdrawal of BMW is chaotic and disorganized, and the brand has, at least in Formula One like badly burned, as in the early 90's Porsche cars than the half-hearted one step in the F1 did.

One can only hope that Peter Sauber get hold of a starting place for his team. Supposedly, but Toyota and tuned to be able to sell its F1 division. The reported today at least, Joe Saward , but I do not think that Toyota makes, because you will need the factory, probably in the next two years to produce a hybrid LMP1 Le Mans. Also mentioned by Saward "Stefan GP" has so far only on paper. In order to könenn now go into the 2010 season, it's pretty late.

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1 Comments

  1. HansimGlück

    "Stefan GP" has not given up and wants some thread deal with Toyota. Or the boss is simply a megalomaniac and turns at the wheel any case:

    http://www.motorsport-total.com/f1/news/2009/11/Stefan_GP_Sind_auf_Standby_09112716.html

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