“The FIA has written to inform BMW Sauber AG that their application for an entry in the 2010 FIA Formula One World Championship has been successful,” the FIA said, referring to the team by its former name.
“Subject to their signing the Concorde Agreement (the commercial agreement that binds teams to the series until 2012), BMW Sauber will be awarded the 13th entry in the Championship, taking the place of the departing Toyota team.”
Munich-based carmaker BMW, who bought an 80 percent stake in the team in 2005, announced in July that they were pulling out of the sport at the end of the season just finished.
A deal to sell the team to mysterious Swiss-based investment fund Qadbak fell through and BMW said last week that they had handed back control to founder Peter Sauber.
The team had by then already lost their place on the grid to Malaysian-backed newcomers Lotus F1, with the FIA saying Sauber were the official reserve should any other team decide to withdraw.
That vacancy was provided by the Toyota team, who declared after the final race of the year in Abu Dhabi that they were pulling out.
However the FIA held back from confirming Sauber’s place pending clarification from Toyota about what, if anything, they intended to do with their team and concerns about Qadbak’s funding.
