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GP Week : Issue 58
The hunt for lucky #13 FORMULA 1 is on the hunt for a new 13th team for 2010, after Peter Sauber’s plan to launch a rescue bid for the BMW Sauber team, of which he is 20 percent owner, failed in its first instance. BMW, which last week announced it wouldn’t continue in Formula 1, has now revealed that it has failed to find a buyer in time for the cut-off point to sign up to the new Concorde Agreement. “The tight timeframe we faced simply did not allow us and the interested parties and investors enough time to find a solution for such a complex transaction,” BMW Motorsport Director Mario Thiessen said in a statement. “This means the team cannot sign the Concorde Agreement at present. The aim now is, over the coming weeks, to find a solution together with potential interested parties and Peter Sauber. Beyond that, we will see the 2009 season through to its conclusion with our unstinting sporting commitment.” It has been widely reported that Sauber is in talks with the team’s long-time backer and fuel supplier Petronas about securing their involvement and investment in a buyout of the team. However, rumours are starting to circulate that Sauber’s moves to save the team were falling on deaf ears with BMW’s Board of Directors in Munich, who will ultimately need to approve a successful takeover bid. These mutterings are not too dissimilar from those that did