ESPN.com · Nov 4, 2021
Michael Andretti says 'control issues' killed Sauber F1 deal
U.S. motor racing entrepreneur Michael Andretti said on Thursday that 'control issues' had led to the collapse of takeover talks with the owners of Sauber, who run the Alfa Romeo Formula One team.
Andretti -- a former IndyCar champion, F1 racer and son of 1978 Formula One world champion Mario -- had been in advanced talks with Sauber ahead of last month's U.S. Grand Prix in Austin.
"I'd just like to put an end to some of these rumours that the deal fell through because of financial reasons," the Andretti Autosport boss told reporters after announcing rookie Devlin DeFrancesco as his latest IndyCar signing.