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November 27th, 2009

BMW and Sauber reach deal

BMW has agreed a deal with Peter Sauber over the sale of the team that should guarantee its involvement in Formula One next season.

An agreement was reached on Thursday, with the contract subject to the condition the team has a starting place on the grid for 2010.

Doubts had recently been raised about the validity of a prior deal with Qadbak Investments Ltd, which has now been shelved in favour of the sale to Sauber.

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