Indian consortium lone bidder for Formula 1 team BMW

BMW Sauber Indian Consortium

In what could be an astonishing treat to Indian F1 fans Times of India reports that an Indian consortium is keen on investing in F1 team BMW-Sauber. BMW-Sauber had announced it pull out from F1 in july citing its strategic move to exit sports because of its high cost.

Currently they have no buyer as they are asking for 65 million euros which has no takers. They had earlier rejected the offer from Peter sauber’s of 45 million euros.

So do we have another Indian owned F1 racing team on the anvil ! hold on guys and wish for the best