P1racenews AI automatic summary:
Audi has announced that it has completed its planned full takeover of the Sauber F1 team before it enters the sport in 2026.
In 2022, the German manufacturer announced its plan to acquire the Swiss-based outfit, with the new regulations for the following season in place. This news came just before Sauber’s final campaign under that name, starting with the Australian Grand Prix. The team’s 2025 lineup will feature veteran driver Nico Hulkenberg and Formula 2 champion Gabriel Bortoleto. Originally planning to buy 75% of the team, Audi announced in March 2024 its full takeover of Sauber Holding AG. The completion of the takeover was confirmed by an Audi spokesperson as scheduled, making Audi the sole owner of the team. The deal is estimated to be around €600 million and is backed by investment from the Qatar Investment Authority. Jonathan Wheatley, joining from Red Bull, will assume his role earlier than expected as Team Principal. Alessandro Alunni Bravi, who succeeded Frederic Vasseur, is stepping down from his role as Managing Director. Mattia Binotto will serve as interim Team Principal for the first two races, followed by Wheatley taking over at the Japanese Grand Prix. Alunni Bravi expressed gratitude for his time at Sauber, highlighting the team’s growth and unwavering commitment. This news comes as Sauber looks ahead to a promising future under Audi’s ownership.
