Links - Peter Sauber back in control of F1 team - North River Minor Hockey Association

Peter Sauber back in control of F1 team LOGINREGISTERHELPYOU ARE NOT LOGGED IN NHLNBAMLBCFLNFLCurlingTennisGolfSoccerNASCARFormula OneIndyCar NASCAR Canadian Tire SeriesNationwideCamping WorldAuto RacingWorld JuniorsSpengler CupMenS WHCWomenS WHCHockey CanadaAHLBoxingCanada GamesCHLCISECHLFigure SkatingLacrosseMMANCAASkiingSummer SportsWinter SportsMoreOlympicsFantasyDaily LineShowsTSN TalentCommunityMainScheduleStandingsChampionsAllTime WinsBMWSauber Brawn GP Ferrari Force India McLaren Red Bull Racing Renault Toro Rosso Toyota Williams Teams Auto Racing on TSNeotText SizeBMW says it has reached a deal to sell its Formula One team back to original owner Peter Sauber However the sale is conditional upon the team gaining a spot on the 2010 Formula One starting gridFollowing BMWs decision to withdraw from the sport earlier this year the team were left off the 2010 entry list after it failed to sign the new Concorde Agreement by the deadline specified by FIA Instead it was put into a holding pattern in case one of the new entries failed to make it to the starting line Toyotas decision to withdraw has created such an opening however the FIA has yet to decide what to do about the entry BMW had originally announced a deal to sell the F1 team to Swiss firm Qadbak Investment Limited However concerns were raised within the F1 community about the ownership makeup leaving FIA to question whether or not to approve the entry BMW now says the deal with Qadbak will not go through Sauber who started the F1 team back in 1993 says hes relieved that a solution has been found which will keep the team together for 2010 His decision to sell to BMW four years ago ushered in an era of increased spending and development which elevated the team to one of the front runners in the sport It will be interested to see if Sauber is able to maintain those levels without the manufacturer backing Sauber has already indicated that the new team will be looking to cut about 140 positions Such cuts would likely have been made anyway due to voluntary spending caps agreed to by F1 teamslog inLatestOldestHighest ScoreLowest ScoreKarma 40 Yeahs0 BoosYeahBooantiirlDecember 4 2009 533PMGreat to see the Sauber name back even if it is only a year report this commentKarma 415 Yeahs0 BoosYeahBoooilerbloodNovember 28 2009 401AMThis is great news! I used to pull for Peter Sauber before and will be pulling for him now report this commentKarma 415 Yeahs4 BoosYeahBoo97CHAMPNovember 27 2009 746PMGet to Ex Sauber drivers together Kimi & Jacques would make great team mates report this commentKarma 412 Yeahs3 BoosYeahBoojp8080November 27 2009 704PMgreat news for the sport Now we need Eddie Jordan back and lets go racing report this commentKarma 420 Yeahs0 BoosYeahBooKinger79November 27 2009 405PMPeter Saubers team with a limited budget before selling to BMW was nipping at the he...