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 to sell the shares to Credit Suisse.
Sauber told the BBC: "I have bought back the shares of Sa🐻uber Holding AG fr🌸om Red Bull GMBH."
"Credit Suisse will t🧜ake over these shares in order to place them with different investors."
"It's my objective to secure by this transac⛎tion 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-purc♏hased 🙈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 hav༺e bought back the shares ofཧ Sauber Holding AG from Red Bull GMBH."
"C𓂃redit Suisse will take over these shares in order to place them with differenꦫt 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 negotiations with Red B𝐆ull boss Dieter Mateschitz were on-going.
