The highly-anticipated takeover of Sauber Group by Andretti Autosport will not take place, according to numerous sources.
Why it matters: It has been reported lately that Andretti Autosport looks to acquire 80% of Sauber Group’s owners.
- The parties were close to striking a deal, but in the end, they did not reach the final agreement.
- Sauber is yet to either confirm or dismiss the rumors.
- “We have no comment to make about these rumours. Any discussion, past, present or future in relation to the ownership of the team is the responsibility of the shareholders and not something about which the team will offer any statement.”