Longbow Finance bought 100 stake in the Sauber
Swiss investment company Longbow Finance bought 100 stake in the Sauber and became the sole owner of the Swiss team. While monisha Kaltenborn was left to head the team.Founder and co-owner of the team Peter Zauber has sold all his shares and left all posts in the organization. Moniz, Kaltenborn also sold their shares, but remained a member of the Board of Directors. Moreover, it remains the leader of the team. The team name will not change. At least in the near future.Pascal Picchi, head of Longbow Finance "As a Swiss company we are pleased to maintain Switzerland's presence in a unique technologically advanced sport".Moniz, Kaltenborn, team principal "We are pleased that the deal with Longbow Finance will help Sauber to stay in F1 and will make the team more competitive. In addition, the new structure will help broaden the scope of applications of our technology."Peter Zauber, the founder of the team "Moniz, Kaltenborn I signed an agreement that will ensure the future of Sauber. I'm glad my risky investment made six years ago, he saved the team and jobs".