Jan.7 (GMM) After losing Petronas to Mercedes, Sauber is close to inking a deal with a new sponsor.

Rumours indicate that the Hinwil based team will sign a sponsorship contract to promote Nespresso, a coffee subsidiary of the well-known foods company Nestle.

European reports said the deal could be worth up to 10 million euros to the formerly BMW-owned team in 2010.

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