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Tuesday, September 15, 2009

Sauber saved, but is it too late?

BMW agreed to sell the Sauber F1 team to a group of Swiss investors, but it may be too little, too late as the FIA handed the 13th slot on the grid to the Malaysian-based Lotus effort.

F1 Grand Prix of Belgium - Practice

Qadbak Investments is the buyer, which also recently took over English football club Notts County.

The FIA have given the group's new acquisition the 14th, "first reserve" slot. It also said it would approach the current squads to allow for a 14th team on the grid, expanding the field to 28 cars.

The official FIA statement.

The Official BMW Sauber statement.

Meanwhile, the Lotus F1 Team joins fellow newcomers Manor, Campos and US F1 for the 2010 season. The team will be based in Norfolk, UK until a purpose-built facility is completed at Malaysia's Sepang International circuit.

The organization is a collaboration between the Malaysian government and private investors.

Team principal is Tony Fernandes, founder of the Malaysian-based Tune Group, which owns the Air Asia airline, and will have Mike Gascoyne as its technical director. The team will have Cosworth power.

Canada officially back

The Canadian Grand Prix is a definite for the 2010 schedule after promoters have reached a settlement in their dispute with Bernie Ecclestone, SpeedTV's Adam Cooper reports.

Normand Legault, head of Grand Prix F1 du Canada Inc, will no longer be involved with the event. Don't miss the top stories of the day, subscribe to the SpeedRead Web newspaper now! -- Email SpeedRead -- Learn more about author C.D. Six


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