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LAM Jan 30
Sauber has secured its future in Formula One by confirming its sale to Swiss investors, which will keep the team on the grid following recent financial troubles. Wholesale Wizards Jerseys .There have been months of speculation about new investors coming on board at Sauber, with the team confirming on Wednesday that Longbow Finance S.A has taken over. The deal will have no bearing on the company or the teams name, though it does result in founder Peter Sauber retiring from all functions.Monisha Kaltenborn will stay on as team principal and CEO while Saubers place on the board as chairman is taken by Longbow Finances Pascal Picci.Sauber, who originally formed the team in 1993, said: Monisha Kaltenborn and I yesterday signed an agreement which secures the future of the Formula One Team and the Sauber Group. I am very happy that my courageous investment to buy the team back, which I made six years ago, with the intention to secure the base in Hinwil and the place in Formula One has proved to be correct.Saubers financial struggles have been no secret in recent months, with the team making late payments to its employees earlier this season. Team boss Kaltenborn hopes Wednesdays announcement is the catalyst for a return to form for the Swiss team.We are very pleased that by reaching an agreement with Longbow Finance S.A., we can secure the future of Sauber at the pinnacle of motorsport, Kaltenborn said. We are convinced that Longbow Finance S.A. is the perfect partner to again make the team competitive and successful in Formula One.At the same time the new structure will allow us to finally further expand our third party business in which we commercialise our know-how. This solution is in the best interest of our employees, partners, loyal suppliers, the base in Hinwil and for the Swiss motorsport. We are very grateful that Longbow Finance S.A. believes in the competences, efficiency and capabilities of Sauber Group, and we look forward to a new exciting future. Authentic Wizards Jerseys . "Jeff is a hard worker who was an important special-teams contributor for us last season," said Stamps GM John Hufnagel. Cheap Wizards Jerseys .Y. -- Marcell Dareus and the Buffalo Bills defence made life miserable for Super Bowl MVP Joe Flacco. http://www.cheapwizardsjerseyschina.com/ . The person spoke to The Associated Press on condition of anonymity because the Lions have not announced the hiring, which was first reported by ESPN. Lombardi, the grandson of former Green Bay Hall of Fame coach Vince Lombardi, has been an offensive assistant on Sean Paytons New Orleans staff since 2007. OAKLAND, Calif. -- The Latest on a $1.3 billion stadium financing deal for the Oakland Raiders (all times local):2 p.m.Alameda County supervisors have approved opening negotiations for a $1.3 billion stadium project that supporters hope will keep the Oakland Raiders in town.The Oakland City Council is scheduled to vote on the project Tuesday night. Approval by both boards is required to allow the city and county to negotiate a formal agreement for a stadium project that includes $350 million in public money.The supervisors vote was three yes, one abstention and one against.The agreement to negotiate does not include the Raiders. Team owner Mark Davis already has committed to moving the Raiders to Las Vegas, where a $1.9 billion stadium project has been approved.A move to Nevada is not certain, although a vote by the NFL on whether to allow the move is possible as soon as January. The Raiders must get approval from 24 of the 32 NFL owners to move.---11:25 a.m.The Alameda County Board of Supervisors is meeting to vote on a $1.3 billion stadium project that could keep the Oakland Raiders in town.Football Hall of Famer Ronnie Lott, who is spearheading the effort, said before the hearing that they have a unique opportunity to do something that many people didnt think they could do.Lott is working with formeer quarterback Rodney Peete and an investment group. Womens Wizards Jerseys. Several Raiders fans are in the room to urge the board to give its approval so administrators could then negotiate a formal agreement for a stadium project that includes $350 million in public money.Team owner Mark Davis already has committed to moving the Raiders to Las Vegas, where a $1.9 billion stadium project has been approved.---10 p.m.City and county officials are expected to vote Tuesday on a deal for a $1.3 billion new stadium that supporters hope will keep the Oakland Raiders in town.If the Alameda County Board of Supervisors and the Oakland City Council approve, administrators could then negotiate a formal agreement for a stadium project that includes $350 million in public money.Team owner Mark Davis already committed to moving the Raiders to Las Vegas, where a $1.9 billion stadium project has been approved. Oakland Mayor Libby Schaaf vowed to continue working on a counter-proposal to try to keep the team in Oakland.A move to Nevada is not certain, although a vote by the NFL on whether to allow the move is possible as soon as January. The Raiders must get approval from 24 of the 32 NFL owners to move. Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Jerseys From China Cheap NFL Jerseys Authentic Wholesale Jerseys China Cheap NFL Jerseys China NFL Cheap Jerseys ' ' ' 
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