Sauber says it was not going bankrupt before Russian companies deal

Sauber team principal Monisha Kaltenborn insists the team was not on the brink of going under before its deal with a trio of Russian companies

Sauber says it was not going bankrupt before Russian companies deal

While the Swiss Formula 1 squad said the major partnership helped secure its long-term future, Kaltenborn denied the team had come close to folding.

She said the fact the deal was being worked on, and the knowledge Sauber also had other options as a fallback, meant Sauber was never in the financial turmoil some had reported.

The inside story of the deal that saved Sauber

"Because of the extent and scope of this deal, we knew it would take a while, so we didn't really get too depressed or disturbed by what was being written," Kaltenborn said.

"We focused on getting our deal done. We've been working with these partners for a while.

"It wouldn't be right for us to think that 'if we don't get this, we can't survive'.

"We've gone through tough times before and we know we can survive."

Kaltenborn said the deal also reflected Sauber's long-term focus, ensuring the team will be able to progress rather than simply helping to guarantee its presence on the grid.

"We had other options, clearly, but we felt that this was the best for the team," she explained.

"It's just a question of do you want to just survive or sustainably stay here and sometime, sooner or later, make a step ahead again.

"That was our focus and we knew that if this deal came through in this way, we had that basis for the long term to really make our way up again.

"That's what's going to happen now."

With the deal also resulting in 17-year-old Russian driver Sergey Sirotkin joining Sauber on a development programme - and possibly graduating to a full-time drive in 2014 - Kaltenborn said the team needs to hold discussions with its current reserve driver, 2012 Formula Renault 3.5 driver Robin Frijns.

"He's in a difficult situation now, clearly," she added.

"At this stage in his career, he really needs mileage and experience. We're going to sit down with him very shortly and discuss the situation."

shares
comments
Carlos Sainz Jr says rapid test pace no proof he is ready for F1

Previous article

Carlos Sainz Jr says rapid test pace no proof he is ready for F1

Next article

Pastor Maldonado hopes Williams now a regular F1 points contender

Pastor Maldonado hopes Williams now a regular F1 points contender
Load comments

About this article

Series Formula 1
Teams Sauber
Author Jonathan Noble
The diva that stole a march on F1’s wide-bodied opposition Plus

The diva that stole a march on F1’s wide-bodied opposition

In 2017 new F1 technical regulations were supposed to add drama - and peg Mercedes back. STUART CODLING looks at the car which, while troubled, set the stage for the wide-bodied Formula 1 era

The themes to watch in F1’s Imola return Plus

The themes to watch in F1’s Imola return

Three weeks is a long time in Formula 1, but in the reshaped start to the 2021 season the teams head to Imola to pick things up after the frenetic Bahrain opener. Here's what to look out for and the developments to follow at the Emilia Romagna Grand Prix

The 'new' F1 drivers who need to improve at Imola Plus

The 'new' F1 drivers who need to improve at Imola

After a pandemic-hit winter of seat-swapping, F1 kicked off its season with several new faces in town, other drivers adapting to new environments, and one making a much-anticipated comeback. BEN ANDERSON looks at who made the most of their opportunity and who needs to try harder…

Formula 1
Apr 12, 2021
The delay that quashed Aston Martin’s last F1 venture Plus

The delay that quashed Aston Martin’s last F1 venture

Aston Martin’s only previous foray into Formula 1 in the late 1950s was a short-lived and unsuccessful affair. But it could have been so different, says NIGEL ROEBUCK

Formula 1
Apr 10, 2021
Verstappen exclusive: Why lack of car-racing titles won't hurt Red Bull's ace Plus

Verstappen exclusive: Why lack of car-racing titles won't hurt Red Bull's ace

Max Verstappen’s star quality in Formula 1 is clear. Now equipped with a Red Bull car that is, right now, the world title favourite and the experience to support his talent, could 2021 be the Dutchman’s year to topple the dominant force of Lewis Hamilton and Mercedes?

Formula 1
Apr 9, 2021
Are we at peak F1 right now? Plus

Are we at peak F1 right now?

For many, many years Formula 1 has strived to do and to be better on all fronts. With close competition, a growing fanbase, a stable political landscape and rules in place to encourage sustainability, 2021 is on course to provide an unexpected peak

Formula 1
Apr 8, 2021
How crucial marginal calls will decide the Red Bull vs Mercedes battle in F1 2021 Plus

How crucial marginal calls will decide the Red Bull vs Mercedes battle in F1 2021

The longer Red Bull can maintain a performance edge over Mercedes, the better the odds will be in the team’s favour against the defending world champions. But as the Bahrain Grand Prix showed, many more factors will be critical in the outcome of the 2021 Formula 1 World Championship

Formula 1
Apr 7, 2021
How Williams’ new structure adheres to a growing F1 trend Plus

How Williams’ new structure adheres to a growing F1 trend

Williams held out against the tide for many years but, as MARK GALLAGHER explains, the age of the owner-manager is long gone

Formula 1
Apr 6, 2021