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Old 22 Jun 2005, 09:29 (Ref:1336928)   #1
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In other news...
There will be a press conferance in Munich today, regarding the Sauber/BMW deal.

Just a customer supply, BMW works team? We'll finally know within the next few hours:

http://www.itv-f1.com/News_Article.aspx?PO_ID=33218
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Old 22 Jun 2005, 10:36 (Ref:1336971)   #2
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Hooray - there is some other news!

Any other week and this would be the hot topic of conversation.
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Old 22 Jun 2005, 11:25 (Ref:1337018)   #3
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Huzza! BMW engines all round!
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Old 22 Jun 2005, 11:55 (Ref:1337042)   #4
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BMW & Sauber joint press conference today
Reported by BBC Sport:

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Originally Posted by BBC Sport
German manufacturer BMW and Swiss Formula One team Sauber have called a joint news conference for 1230 BST.
BMW sport boss Mario Theissen and Sauber chief Peter Sauber will attend.

BMW has a contract to supply engines exclusively to the Williams team until 2009, but it is believed to contain get-out clauses.

The conference comes amid speculation that BMW is interesting in buying the Swiss team, although it has also been discussing a simple engine supply deal.

Earlier this year, BMW began discussions with Red Bull Racing and the Ferrari-powered Sauber team.

Red Bull subsequently signed a deal to switch from Cosworth to Ferrari for 2006, leaving Sauber to search for a new engine supplier.
Anyone know anything about the reported "get out clauses"?
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Old 22 Jun 2005, 11:59 (Ref:1337048)   #5
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http://tentenths.com/forum/showthread.php?t=70628

See that thread (which admittedly doesn't have a very helpful title!)
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Old 22 Jun 2005, 12:15 (Ref:1337076)   #6
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BBC website confirm BMW have bought Sauber.
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Old 22 Jun 2005, 12:17 (Ref:1337078)   #7
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BMW buy Sauber
BBC News website carrying the banner headline. Well, well.
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Interviewer: "Will the McLaren F1 be your answer to the Ferrari F40?"
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Old 22 Jun 2005, 12:17 (Ref:1337079)   #8
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http://news.bbc.co.uk/sport1/hi/moto...ne/4118472.stm
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Old 22 Jun 2005, 12:26 (Ref:1337096)   #9
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The press report on Reuters says it WILL affect the relationship with Williams and BMW will be talking to Williams shortly
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Old 22 Jun 2005, 12:27 (Ref:1337099)   #10
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BMW have bought the Credit Suisse shareholding in Sauber
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Old 22 Jun 2005, 12:29 (Ref:1337106)   #11
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I think this really is the end for Williams-BMW.

Will Sauber be rebranded as BMW next year?
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Old 22 Jun 2005, 12:30 (Ref:1337107)   #12
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no mention of that in the press release I'm afraid
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Old 22 Jun 2005, 12:31 (Ref:1337108)   #13
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Credit Suisse are to sell their stake in Sauber to BMW over a three year period
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Old 22 Jun 2005, 12:32 (Ref:1337109)   #14
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The report I just saw said that BMW have bought Peter Sauber's stake and will acquire Credit Suisse's stake over the coming three years.

BMW also says it "hopes to continue supplying Williams".
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Old 22 Jun 2005, 12:33 (Ref:1337112)   #15
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F1Racing.net are reporting that BMW are offering customer engines to Williams for 2006.

http://www.f1racing.net/en/news.php?newsID=90450
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Old 22 Jun 2005, 12:36 (Ref:1337114)   #16
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The Reuters release says BMW will discuss their relationship with Williams but makes no mention of a customer deal as yet.
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Old 22 Jun 2005, 12:50 (Ref:1337132)   #17
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BMW acquires majority interest in Sauber

I note that it says "effective 1 January 2006" and the Factory will still exist as an individual company, affiliated to BMW.

Also Peter Sauber will still advise on matters.
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Old 22 Jun 2005, 13:03 (Ref:1337155)   #18
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If i was Sir Frank.. I would be getting on the phone to Cosworth.
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Old 22 Jun 2005, 13:05 (Ref:1337158)   #19
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People kicked up a big fuss when the news of the Jordan name disappearing from F1 was announced, in my opinion possibly losing the Sauber name is an even bigger blow as it has so much history attached to it.

I'm glad Peter Sauber managed to get the deal he always wanted by keeping the factory in Hinwil, good to hear he'll still be around aswell.
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Old 22 Jun 2005, 13:09 (Ref:1337164)   #20
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I note that it says "effective 1 January 2006" and the Factory will still exist as an individual company, affiliated to BMW.
This might be to avoid any complications involved, with Ferrari providing Ferrari engines, to what would effectively be a BMW team. By making it effective 1 January 2006, this problem is avoided.
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Old 22 Jun 2005, 13:12 (Ref:1337167)   #21
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Perhaps this will be the incentive Williams requires to finally get its act together and get back to the top in F1. Spanking the 'works' BMW team next season is the kind of objective Williams as a team would, IMHO, relish.
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Old 22 Jun 2005, 13:18 (Ref:1337174)   #22
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Well, it is still unclear whether they (Williams) will have a BMW engine next year or not. I thought their contract had several years to run, in which case surely there is some committment to supply Williams, or at least some hefty compensation?
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Old 22 Jun 2005, 13:21 (Ref:1337178)   #23
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Perhaps this will be the incentive Williams requires to finally get its act together and get back to the top in F1. Spanking the 'works' BMW team next season is the kind of objective Williams as a team would, IMHO, relish.
They're certainly not going to do that with "customer" engines are they.

Can't blame Peter for selling his team while it's still actually worth something.
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Old 22 Jun 2005, 13:34 (Ref:1337189)   #24
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Well, it is still unclear whether they (Williams) will have a BMW engine next year or not. I thought their contract had several years to run, in which case surely there is some committment to supply Williams, or at least some hefty compensation?
The BMW - Williams contract runs to 2009. You may be right Stephen. Maybe BMW will be paying for Williams engines for the next few years?
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Old 22 Jun 2005, 13:45 (Ref:1337204)   #25
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Originally Posted by Silk Cut Jaguar
People kicked up a big fuss when the news of the Jordan name disappearing from F1 was announced, in my opinion possibly losing the Sauber name is an even bigger blow as it has so much history attached to it.

I'm glad Peter Sauber managed to get the deal he always wanted by keeping the factory in Hinwil, good to hear he'll still be around aswell.
It's probably a pipe dream, but I'd like to see BMW retain the Sauber name ... at least as part of their name.
But I agree that it is sad to see PS relinquish his team after all he has been through against the big budgets of F1. As always he showed his class in looking out for his employees and made sure that they will retain their jobs.

Any speculation as to who will be named the new team principle?
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