How Sauber was saved from extinction

How Sauber was saved from extinction

The future - or possible lack thereof - of Sauber has been topic of much discussion in Formula 1 paddocks this year. How did the Swiss outfit hold on until securing its new backer, and where does it go from here?

The situation was bleak. Very bleak. It had been nearly a month and Sauber's staff had not received their wages for May. This came after three successive months of being paid at least a week late. Understandably, there was growing uncertainty among staff. They had bills to pay, families to feed. An emergency fund existed for such a situation, helping staff financially in the interim. But the pressure and stress remained.

Then last week, a sense of relief swept through the corridors of Hinwil as the news its staff had been waiting to hear arrived. Stood side-by-side, owner Peter Sauber and team boss Monisha Kaltenborn revealed the Swiss team had changed ownership, with a financial investment firm taking over. Sauber declared the future of the outfit was now secure.

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