Minardi highlights sponsor problem

Minardi is running at Suzuka with 'not paid' printed on one of its barge boards in the place of a sponsor it claims did not pay up for its space on the car

Minardi highlights sponsor problem

The Anglo-Italian team is the smallest in the paddock, and even relatively small sponsorship deals are vital to its existence.

Team boss Paul Stoddart explained: "It's a bit of a sad story actually. Many of you know that we had a problem with the main sponsor at the start of the year and lost 40 percent of our budget through no fault of our own, and there are one or two others we've had problems with during the year.

"With this particular one, despite repeated warnings and bounced cheques and, God knows, every other problem, I took the decision to put that on there today more or less just to send the message out that really you ought not to sign contracts if you don't intend to honour them."

On the subject of the team's future ownership, Stoddart denied the presence of rumoured Italian investors waiting in the wings to help the cash-strapped team.

"If anyone knows where they are, they might like to tell me," he quipped. "Most teams have silly seasons over drivers but Minardi and sometimes Jordan seem to have silly seasons over investors and ownership.

"I've made no secret of the fact that if the right deal came along, which I felt could take Minardi further than I could, then I would be interested in it. But thus far we've just had a lot of time-wasters and one or two individuals that perhaps were serious but for one reason or another have not chosen to go forwards. There are no current negotiations on-going."

shares
comments
Teams dissent over Friday test loss
Previous article

Teams dissent over Friday test loss

Next article

Schuey and Williams top of the pops

Schuey and Williams top of the pops
Why few could blame Leclerc for following the example of Hamilton’s exit bombshell Plus

Why few could blame Leclerc for following the example of Hamilton’s exit bombshell

OPINION: Ferrari's numerous strategy blunders, as well as some of his own mistakes, have cost Charles Leclerc dearly in the 2022 Formula 1 title battle in the first half of the season. Though he is locked into a deal with Ferrari, few could blame Leclerc if he ultimately wanted to look elsewhere - just as Lewis Hamilton did with McLaren 10 years prior

Formula 1
Aug 9, 2022
The other McLaren exile hoping to follow Perez's path to a top F1 seat Plus

The other McLaren exile hoping to follow Perez's path to a top F1 seat

After being ditched by McLaren earlier in his F1 career Sergio Perez fought his way back into a seat with a leading team. BEN EDWARDS thinks the same could be happening to another member of the current grid

Formula 1
Aug 8, 2022
How studying Schumacher helped make Coulthard a McLaren F1 mainstay Plus

How studying Schumacher helped make Coulthard a McLaren F1 mainstay

Winner of 13 grands prix including Monaco and survivor of a life-changing plane crash, David Coulthard could be forgiven for having eased into a quiet retirement – but, as MARK GALLAGHER explains, in fact he’s busier than ever, running an award-winning media company and championing diversity in motor racing. Not bad for someone who, by his own admission, wasn’t quite the fastest driver of his generation…

Formula 1
Aug 7, 2022
Could F1 move to a future beyond carbonfibre? Plus

Could F1 move to a future beyond carbonfibre?

Formula 1 has ambitious goals for improving its carbon footprint, but could this include banishing its favoured composite material? PAT SYMONDS considers the alternatives to carbonfibre and what use, if any, those materials have in a Formula 1 setting

Formula 1
Aug 6, 2022
How Russell has proven he deserves to be Hamilton's Mercedes heir Plus

How Russell has proven he deserves to be Hamilton's Mercedes heir

He’s fast, he’s smart, and he’s already shown he’s not going to let Max Verstappen intimidate him. George Russell won’t say it, but LUKE SMITH says he’s ready to take the lead at Mercedes when Lewis Hamilton moves on to a quieter life. And – whisper it – Mercedes and Lewis are starting to think so too

Formula 1
Aug 5, 2022
The traits that fuelled Alonso's unexpected Aston Martin move Plus

The traits that fuelled Alonso's unexpected Aston Martin move

Fernando Alonso’s bombshell switch to Aston Martin sent shockwaves through Formula 1, not least at Alpine that finds itself tangled in a contract standoff with Oscar Piastri. Not shy of a bold career move and with a CV punctuated by them, there were numerous hints that trouble was brewing

Formula 1
Aug 4, 2022
The elements Ferrari must resolve to first save face, then win championships Plus

The elements Ferrari must resolve to first save face, then win championships

OPINION: Ferrari's Formula 1 title hopes look all but over after another strategic blunder in last week's Hungarian Grand Prix denied Charles Leclerc the chance to fight for victory, while handing it to chief rival Max Verstappen. The Scuderia now faces intense scrutiny over what it must now do to finally become a genuine factor in championship battles

Formula 1
Aug 3, 2022
The clues about Hamilton’s F1 retirement plans revealed after Vettel’s decision Plus

The clues about Hamilton’s F1 retirement plans revealed after Vettel’s decision

OPINION: Sebastian Vettel is set to leave Formula 1 at the end of 2022 and will, rather shockingly, be replaced by Fernando Alonso at Aston Martin. But what about the final chapter of the other driver that defined the post-Michael Schumacher era? In Hungary, Lewis Hamilton spoke about his future in the context of Vettel’s upcoming departure, which offered clues on how long it will last

Formula 1
Aug 2, 2022