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.
Share Or Save This Story
F1 testing: Max Verstappen feels 'big difference' in 2018 Red Bull
Williams F1's Oliver Rowland to test Super Formula car at Suzuka
Williams F1 team gives Stroll and Sirotkin two race engineers each
F1 testing: Lewis Hamilton 'sacrifice' saved Mercedes an hour
Vandoorne explains McLaren's long delay on day two of F1 testing
F1 testing: Robert Kubica was 'too honest' about his limitations
Red Bull urges FIA to clamp down harder on F1 oil burn
Why F1's under-fire rookie is already causing surprises
WEC Imola: Ferrari remains on top in FP2 as Fuoco beats Porsche
WRC Croatia: Neuville, Evans tied for the lead after eight stages
WIN! A VIP Race Weekend Experience in Monaco
Lauda's 1976 German GP helmet to be auctioned at F1 Miami GP
The short-term pain that hides a very real Williams improvement
How a Shanghai to Sheffield journey paved the way for China’s F1 hero
Why F1 2026 worst case fears could be key to new rules success
How the F1 driver market situation sits for each team with 2025 openings
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
