German car manufacturer BMW has provisionally agreed to sell its BMW Sauber Formula 1 team back to team founder Peter Sauber.
The move comes after BMW cancelled plans to sell to Qadbank Investments
Sauber, who retained a 20% stake in the team when he sold it to BMW in 2005, will take complete control if they are allowed to race next season.
The sport's governing body, the FIA, is yet to confirm the team as the 13th entry for next season - the official entry list will be published on Monday, 30 November - but it is likely that Sauber's entry will be accepted given its history and reputation in the sport
BMW announced in July that they were pulling out of F1 and agreed a deal to sell the team to Swiss-based Qadbank in September.
http://news.bbc.co.uk/sport2/hi/motorsport/formula_one/8382659.stm
Qadbank, through their Munto Finance Company, has also bought England's oldest professional football club Notts County.
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