Andretti says 'control issues' killed Sauber F1 deal

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May 28, 2017; Indianapolis, IN, USA; IndyCar Series operator Takuma Sato (left) celebrates with squad proprietor Michael Andretti aft winning the 101st Running of the Indianapolis 500 astatine Indianapolis Motor Speedway. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports/

Nov 4 (Reuters) - U.S. centrifugal racing entrepreneur Michael Andretti said connected Thursday that 'control issues' had led to the illness of takeover talks with the owners of Sauber, who tally the Alfa Romeo Formula One team.

Andretti -- a erstwhile IndyCar champion, F1 racer and lad of 1978 Formula One satellite champion Mario -- had been successful precocious talks with Sauber up of past month's U.S. Grand Prix successful Austin.

"I'd conscionable similar to enactment an extremity to immoderate of these rumours that the woody fell done due to the fact that of fiscal reasons," the Andretti Autosport brag told reporters aft announcing rookie Devlin DeFrancesco arsenic his latest IndyCar signing.

"That couldn't beryllium further from the truth. It had thing to bash with that.

"It fundamentally came down to power issues successful the last hours of the negotiations. That's what killed the deal," said the American, who has agelong wanted to adhd a Formula One squad to his motorsport activities.

Swiss-based Sauber were bought by concern steadfast Longbow Finance successful 2016, with Islero Investments taking power of Sauber Holdings successful 2018. Islero are linked to Swedish billionaire Finn Rausing.

Andretti has interests successful IndyCar, the electrical Formula E and Extreme E bid arsenic good arsenic sportscars.

Ferrari-powered Alfa, ninth successful the standings, person signed Finland's Valtteri Bottas from reigning champions Mercedes for 2022 but person yet to corroborate their afloat lineup.

Reporting by Alan Baldwin successful London, editing by Toby Davis

Our Standards: The Thomson Reuters Trust Principles.

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