Connect with us

F1 top news

No secrets, we have financial difficulties – Sauber F1



No secrets, we have financial difficulties - Sauber F1 team manager Beat Zehnder

No secrets, we have financial difficulties – Sauber F1 team manager Beat Zehnder

Monisha Kaltenborn is once again missing in action this weekend in Russia.

Earlier in 2016, the Sauber boss and co-owner’s paddock absence stirred speculation the Swiss team’s obvious financial problems may in fact be terminal.

But the well-connected Swiss newspaper Blick insists that Kaltenborn is only absent this weekend at Sochi in order to care for her unwell son.

More alarming, however, is that Tim Malyon, Sauber’s head of track engineering, has suddenly left the struggling team.

Formerly at Red Bull, Malyon only joined Sauber a few months ago, to replace one of the team’s longest-serving members, Giampaolo Dall’Ara.

“We have financial difficulties, it’s not a secret, but I think the good thing is we are still around,” said Sauber’s long-time team manager Beat Zehnder in Russia.

“We’re working hard to solve all the problems but it’s not easy,” he added. “An annual budget now (in F1) is just massive and to cover it just by sponsors and the income from Bernie (Ecclestone) is just not sufficient.”

As for whether Sauber will be able to make it through the rest of F1’s longest-ever race calendar this year, Zehnder deferred to his absent boss.

“I think this is a question which Monisha should answer, because I haven’t got the overall picture,” he said.



Latest F1 News

Latest F1 News

2019 F12 months ago

Vettel ‘has no future at Ferrari anymore’ – Red Bull boss

Sebastian Vettel has “no future at Ferrari”, according to his former boss Dr Helmut Marko. Despite having arguably the fastest...

2019 F12 months ago

Leclerc girlfriend reveals Ferrari’s F1 star ended relationship with her

Charles Leclerc’s former girlfriend has revealed that the Ferrari driver “left me” in order to focus on his Formula 1...

2019 F12 months ago

Hamilton seizing advantage of Vettel DNF to seal Russian GP

Championship leader Lewis Hamilton took the advantages with the Russian Grand Prix victory after race leader Sebastian Vettel’s retirement. During...

2019 F12 months ago

McLaren split with Renault for Mercedes in 2021 F1

McLaren split with engine supplier Renault over a disagreement about Formula 1 strategy, according to Cyril Abiteboul. “It was apparent...

2019 F12 months ago

The manager says secrecy around Schumacher’s health is “difficult” to understand

News of the Seven time F1 world champion, Michael Schumacher being “out of a coma” went viral on June 2014,...

2019 F12 months ago

Mercedes no favourite at remaining races in 2019 – Hamilton

Mercedes will no longer be the favourite at any of the remaining races in 2019, according to Lewis Hamilton. Despite...

2019 F12 months ago

Renault F1 criticises FIA over penalty

Cyril Abiteboul has accused the FIA of being inconsistent about how it hands out penalties for sporting and technical infractions....

2019 F12 months ago

Ferrari ‘hungrier than Mercedes’ – Hamilton

Championship leader Lewis Hamilton criticised Mercedes after the Singapore GP. The Briton was not even on the podium on Sunday,...

2019 F12 months ago

Hamilton warns he could lose 2019 F1 title

Lewis Hamilton has warned Mercedes that he risks not winning the 2019 world championship. The Briton’s championship lead is actually...

2019 F12 months ago

Charles Leclerc is Ferrari’s “No: 1 driver” – JJ Lehto

Charles Leclerc is now Ferrari’s “number 1 driver”. That is the view of JJ Lehto, who was once the supporting...

Most Popular is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media