user icon

'Force India to lose backing, Sauber rescue deal collapsed'

  • Published on 05 Nov 2013 12:15
  • comments 0
  • By: Rob Veenstra
F1 stragglers should consider moving over for the next generation of teams if they cannot afford formula one. That is the message of Austrian billionaire Dietrich Mateschitz, who owns two F1 teams including Red Bull Racing, the dominant clean-sweep world champions since 2010. It is believed many teams on the grid are struggling financially at present, notably Lotus and Sauber.

But the Swiss newspaper Blick claims Force India could be about to lose the crucial backing of the Sahara Group, and if Pastor Maldonado leaves Williams, he could take EUR 40 million in annual backing with him. Sauber, meanwhile, looked to have solved its crisis recently with a Russian rescue deal and Sergey Sirotkin, but that deal is rumoured to have collapsed. Blick correspondent Roger Benoit said the survival of the Swiss team might now rest on rumours of backers from Dubai.

Years ago, Minardi team owner Paul Stoddart complained loudly about the costs in F1, earning him a stinging rebuke from McLaren's Ron Dennis. "This is a tough, competitive sport and, if you can't take the heat, get out the bloody kitchen," Dennis said. "Formula one has a place for everybody, but we do not have a soup kitchen," he added.

Red Bull's Mateschitz has now issued a similar smack against those pleading with the sport's authorities about their financial problems. "If there are financial problems," he told Welt am Sonntag newspaper, "they can be solved only through financial means."

The German report said Mateschitz was referring to private funding and sponsors, rather than cost cuts or restrictive regulations. "If a team is unable to resolve the problem, they should question their commitment (to F1). There may be others who are interested in their licence," he added. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2022

Show full world champion standings

Test calendar

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Driver profile

  • Team Renault
  • Points 27
  • Podiums 0
  • Grand Prix 19
  • Country VE
  • Date of b. Mar 9 1985 (37)
  • Place of b. Maracay, Aragua, VE
  • Weight 68 kg
  • Length 1.73 m
Show full profile

Team profile

Show full profile

Formula 1 Calendar - 2022

Date
Grand Prix
Circuit
-
Spain
-
Bahrain
18 - Mar 20
Bahrain
25 - Mar 27
Saudi Arabia
8 - Apr 10
Australia
22 - Apr 24
Italy
6 - May 8
United States of America
20 - May 22
Spain
27 - May 29
Monaco
10 - Jun 12
Azerbaijan
17 - Jun 19
Canada
1 - Jul 3
United Kingdom
8 - Jul 10
Austria
22 - Jul 24
France
29 - Jul 31
Hungary
26 - Aug 28
Belgium
2 - Sep 4
Netherlands
9 - Sep 11
Italy
30 - Oct 2
Singapore
7 - Oct 9
Japan
21 - Oct 23
United States of America
28 - Oct 30
Mexico
11 - Nov 13
Brazil
18 - Nov 20
United Arab Emirates
See full schedule

Formula 1 Calendar - 2022

Date
Grand Prix & Circuit
18 - Mar 20
25 - Mar 27
Saudi Arabia Jeddah Street Circuit
8 - Apr 10
Australia Albert Park
22 - Apr 24
6 - May 8
United States of America Miami International Autodrome
20 - May 22
27 - May 29
Monaco Monte Carlo
10 - Jun 12
Azerbaijan Baku City Circuit
17 - Jun 19
1 - Jul 3
United Kingdom Silverstone
8 - Jul 10
Austria Red Bull Ring
22 - Jul 24
France Paul Ricard
29 - Jul 31
Hungary Hungaroring
26 - Aug 28
2 - Sep 4
Netherlands Circuit Zandvoort
9 - Sep 11
Italy Monza
30 - Oct 2
7 - Oct 9
21 - Oct 23
United States of America Circuit of the Americas
28 - Oct 30
11 - Nov 13
Brazil Interlagos
18 - Nov 20
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar