Sauber F1 team to compete in Chinese GP despite salary delays

The Sauber Formula 1 team has secured a sponsorship advance from its Swedish backers to pay March staff salaries and is certain it will compete in China, Autosport has learned

Sauber F1 team to compete in Chinese GP despite salary delays

It is believed the money will be transferred on Friday, with all staff expected to have salaries in their accounts by Monday at the very latest.

The Swiss team did not pay its staff on time in February because of cashflow problems and the situation repeated itself in March.

But Autosport understands Marcus Ericsson's Swedish sponsors have stepped in with an early payment to ensure staff are paid.

Sauber's financial situation is precarious with team principal Monisha Kaltenborn working around the clock to find more backers.

Kaltenborn was not in Bahrain as she held talks with several parties, but as yet no new deals have been agreed.

It has yet to be decided whether she will travel to the Chinese Grand Prix as it may be that her time is better spent at the team's basis in Hinwil to continue negotiations.

Unless further sponsorship is found in the next few weeks, the team will likely have to rely on its backers from Sweden and also from Felipe Nasr's supporters from Brazil, to pay salaries for April.

When asked by Autosport last weekend whether he was confident the team would be in China for the third race of the season, Ericsson said: "100 per cent."

Sauber is preparing for the Shanghai race as normal with the first wave of staff flying out on Saturday before the rest follow over the subsequent three days.

Sauber was one of three teams to ask F1 boss Bernie Ecclestone for an advance on their championship payments last year to help liquidity.

Technical director Mark Smith left the team last month, after just nine months, citing personal reasons.

The team has been unable to develop the car because of a lack of funding and has consequently been left off the pace.

Ericsson added: "It's always tight on money, we're a small team so we cannot develop like the big guys.

"I'm here to do my job and maximise my material every time I'm out on track and that's all I can do as a driver.

"Of course I push the guys and say what I want from the car, but at the end of the day I just need to do my job on track."

shares
comments

Why Honda is still up against it

Former San Marino Grand Prix venue Imola ready to host F1 again

How Vasseur has begun Ferrari’s mission to keep Leclerc on side

How Vasseur has begun Ferrari’s mission to keep Leclerc on side

Plus
Plus
Formula 1
GP Racing

How Vasseur has begun Ferrari’s mission to keep Leclerc on side How Vasseur has begun Ferrari’s mission to keep Leclerc on side

Why Red Bull’s biggest F1 adversary is now itself

Why Red Bull’s biggest F1 adversary is now itself

Plus
Plus
Formula 1
Saudi Arabian GP
Jonathan Noble

Why Red Bull’s biggest F1 adversary is now itself Why Red Bull’s biggest F1 adversary is now itself

How "only tough" Tost's public lack of trust could hurt AlphaTauri

How "only tough" Tost's public lack of trust could hurt AlphaTauri

Plus
Plus
Formula 1
Saudi Arabian GP
Jake Boxall-Legge

How "only tough" Tost's public lack of trust could hurt AlphaTauri How "only tough" Tost's public lack of trust could hurt AlphaTauri

What Perez's Jeddah joy means for F1’s 2023 hopes for a real title fight

What Perez's Jeddah joy means for F1’s 2023 hopes for a real title fight

Plus
Plus
Formula 1
Saudi Arabian GP
Alex Kalinauckas

What Perez's Jeddah joy means for F1’s 2023 hopes for a real title fight What Perez's Jeddah joy means for F1’s 2023 hopes for a real title fight

Saudi Arabian Grand Prix Driver Ratings 2023

Saudi Arabian Grand Prix Driver Ratings 2023

Plus
Plus
Formula 1
Saudi Arabian GP
Alex Kalinauckas

Saudi Arabian Grand Prix Driver Ratings 2023 Saudi Arabian Grand Prix Driver Ratings 2023

How Perez kept Verstappen’s Saudi Arabian GP surge at bay

How Perez kept Verstappen’s Saudi Arabian GP surge at bay

Plus
Plus
Formula 1
Saudi Arabian GP
Jake Boxall-Legge

How Perez kept Verstappen’s Saudi Arabian GP surge at bay How Perez kept Verstappen’s Saudi Arabian GP surge at bay

The enormous job facing F1 for its Vegas gamble to pay off

The enormous job facing F1 for its Vegas gamble to pay off

Plus
Plus
Formula 1
Las Vegas GP
GP Racing

The enormous job facing F1 for its Vegas gamble to pay off The enormous job facing F1 for its Vegas gamble to pay off

Testing times for Vasseur, but the true challenge at Ferrari is about to come

Testing times for Vasseur, but the true challenge at Ferrari is about to come

Plus
Plus
Formula 1
Saudi Arabian GP
Jonathan Noble

Testing times for Vasseur, but the true challenge at Ferrari is about to come Testing times for Vasseur, but the true challenge at Ferrari is about to come