Formula 1 News

Rumours swirl around struggling Sauber's future

Cash-flow issues are currently causing Sauber's management some consternation
Saturday, July 6, 2013

July 6th, 2013 (GMM) Having confirmed its financial problems, the rumours about the future of the Swiss team Sauber are now doing the rounds in the Nurburgring paddock.

Amid reports he has not been paid recently, German driver Nico Hulkenberg insists team boss Monisha Kaltenborn is "working on a solution".

"She's assured me that she's busy working on that and there's not much more I can say," he said on Thursday.

Indeed, Kaltenborn was missing in the Nurburgring paddock on Friday, with Speed Week reporting that she hosted a delegation at Hinwil of the Swiss federal government.

Sports minister Ueli Maurer said: "Sauber is the most important high-tech company in Switzerland."

But Speed Week said the Swiss government is not going to bail-out the struggling Sauber.

Cue the next rumour -- Nicolas Todt.

Speed Week said the relationship between team founder Peter Sauber and Todt's father, the FIA president Jean Todt, is longstanding and strong.

Frenchman Nicolas Todt, who manages the careers of Felipe Massa, Pastor Maldonado and Jules Bianchi and operates the GP2 team ART, is often linked with F1 team buyouts.

Sauber is reportedly in talks with the Russian natural gas giant Gazprom about a sponsorship deal, and Speed Week said it is "unclear" if the Todt rumour is related.

The well-connected Swiss newspaper Blick, meanwhile, is reporting another potential Russian link for Sauber -- the apparent interest of the team's football club sponsor Chelsea's billionaire owner Roman Abramovich.

Correspondent Roger Benoit said at least some income is guaranteed to flow Sauber's way, having inked a deal for the upcoming Silverstone test with Japanese driver Kimiya Sato.

Benoit said the sponsors of 23-year-old Sato, who is not related to former F1 driver Takuma Sato, are paying EUR 250,000 for his single-day run in the C32 car.

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