BMW announced earlier this year that they would not be returning to Formula 1 next year. Shortly after that, the team was purchased by Swiss firm Qadbak who had been considered suspect. That deal has failed and will now be purchased by the man who started it all, Peter Sauber.
Originally the team had been sold to Qabak who had some suspect issues come up. In recent days it would appear as though the deal was going to fall through. Now with the Swiss firm gone, Peter Sauber will now be able to re-purchase the team provided they are given a spot on the 2010 grid. The FiA have yet to rule on the Toyota situation so the team continues to sit and wait. Not exactly sure what they are waiting for, but the legal ramifications regarding the signing of the Concorde Agreement by Toyota has complicated things. The current staff levels will be cut from 388 to 250, but most of the workspace used by BMW will be a part of the deal.
This is a great story and in my opinion, the man who should have go the team right off. The FiA needs to get off of their bums and let these guys know if they are in or out. How competitive can a team be if nobody will tell them if they are in the championship?