Subscribe

Sign up for free

  • Get quick access to your favorite articles

  • Manage alerts on breaking news and favorite drivers

  • Make your voice heard with article commenting.

Autosport Plus

Discover premium content
Subscribe
Autosport Plus

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.

Previous article Lewis Hamilton expects Red Bull to challenge Mercedes in Hungary
Next article Why Hungary won’t be the Monaco race F1 hoped for

More from Lawrence Barretto

F1 testing: Max Verstappen feels 'big difference' in 2018 Red Bull

F1 testing: Max Verstappen feels 'big difference' in 2018 Red Bull

F1 Formula 1
F1 testing: Max Verstappen feels 'big difference' in 2018 Red Bull 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's Oliver Rowland to test Super Formula car at Suzuka

MISC General
Williams F1's Oliver Rowland to test Super Formula car at Suzuka Williams F1's Oliver Rowland to test Super Formula car at Suzuka
Williams F1 team gives Stroll and Sirotkin two race engineers each

Williams F1 team gives Stroll and Sirotkin two race engineers each

F1 Formula 1
Williams F1 team gives Stroll and Sirotkin two race engineers each Williams F1 team gives Stroll and Sirotkin two race engineers each
F1 testing: Lewis Hamilton 'sacrifice' saved Mercedes an hour

F1 testing: Lewis Hamilton 'sacrifice' saved Mercedes an hour

F1 Formula 1
F1 testing: Lewis Hamilton 'sacrifice' saved Mercedes an hour F1 testing: Lewis Hamilton 'sacrifice' saved Mercedes an hour
Vandoorne explains McLaren's long delay on day two of F1 testing

Vandoorne explains McLaren's long delay on day two of F1 testing

F1 Formula 1
Vandoorne explains McLaren's long delay on day two of F1 testing Vandoorne explains McLaren's long delay on day two of F1 testing
F1 testing: Robert Kubica was 'too honest' about his limitations

F1 testing: Robert Kubica was 'too honest' about his limitations

F1 Formula 1
F1 testing: Robert Kubica was 'too honest' about his limitations F1 testing: Robert Kubica was 'too honest' about his limitations
Red Bull urges FIA to clamp down harder on F1 oil burn

Red Bull urges FIA to clamp down harder on F1 oil burn

F1 Formula 1
Red Bull urges FIA to clamp down harder on F1 oil burn Red Bull urges FIA to clamp down harder on F1 oil burn
Why F1's under-fire rookie is already causing surprises

Why F1's under-fire rookie is already causing surprises

Plus
Plus
F1 Formula 1
Why F1's under-fire rookie is already causing surprises Why F1's under-fire rookie is already causing surprises

Sign up for free

  • Get quick access to your favorite articles

  • Manage alerts on breaking news and favorite drivers

  • Make your voice heard with article commenting.

Autosport Plus

Discover premium content
Subscribe