Statement BMW Motorsport Director Mario Theissen

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   Statement of BMW Motorsport Director Mario Theissen on the current situation

06.08.2009
Press Release

"Since the announcement on 29 July of our strategic realignment,
we have done everything in our power to reach a rapid agreement on the
sale of the team based at Hinwil. Regrettably, despite every effort,
this has proved unsuccessful. 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. 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."

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Melvyn Pettit Members Profile Send Private Message Find Members Posts Add to Buddy List Club Member Joined: 18 Apr 2007 Location: Isle of Wight Status: Offline Points: 1502	Post Options Post Reply Quote Melvyn Pettit Report Post Thanks(0) Quote Reply Topic: Statement BMW Motorsport Director Mario Theissen Posted: 06 Aug 2009 at 5:41pm
	Statement of BMW Motorsport Director Mario Theissen on the current situation 06.08.2009 Press Release "Since the announcement on 29 July of our strategic realignment, we have done everything in our power to reach a rapid agreement on the sale of the team based at Hinwil. Regrettably, despite every effort, this has proved unsuccessful. 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. 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."
	www.bmwcarclubse.co.uk

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