A race sparked Sauber owners’ desire to sell their Formula 1 team
Pascal Picci revealed that a specific race was the reason Sauber owners considered selling to Michael Andretti.
In mid-October, it looked like Andretti Autosport was going to buy an 80% stake in the Switzerland-based squad that would compete as the Alfa romeo in Formula 1.
However, within weeks the deal was broken, with the former US F1 driver claiming that a disagreement at the 11th hour over who would have “control” had “killed” him.
Sauber owners Islero Investments have insisted they remain committed despite what has happened, although Picci has resigned as chairman following a disagreement with the team manager. Fred Vasseur on the subject of pilots.
In addition to talking about the fallout, Picci also explained why Sauber owners were so receptive to a sale – and that focused on this year’s Belgian Grand Prix, affected by the weather conditions.
This last weekend in August, just after F1’s summer break, was a failure in every way. The race consisted of just three laps behind the safety car and ended with George Russell and Nicholas Latifi in second and ninth positions for Williams with half the points awarded.
“What happened at the Belgian Grand Prix is ââstill an open wound,” said Picci, as quoted by Motorsport.com.
âHaving three non-racing laps behind the safety car allowed Williams to gain points that took away almost any chance of regaining the position in the constructors’ championship.
âThe spa was an important turning point for us. This is one of the main reasons we decided to give up F1 and sell.
Eight races later and with two races remaining, Alfa Romeo is 12 points behind Williams with only Haas, at zero, behind them.
Islero Investments is a consortium of entrepreneurs led by Swedish businessman Finn Rausing.
“He is free to make choices, he represents the shareholders and he is a reliable person who puts all his passion and energy into it,” said Picci – who insisted that business would continue as usual afterwards. his own departure – about Rausing.
âI was placed in the minority and I drew my conclusions. Finn remains as trustworthy to me as the others who represent the company. Without hesitation, I sincerely wish the whole team the best.
âI am confident about the future of the team as the owners are enthusiastic and very passionate people whose number one priority is the protection of the staff who make up the team.
âMy resignation should therefore in no way become a source of concern for the staff at Sauber. Of that, I’m sure.