» BACK TO CRASH.NET

Crash.Net F1 News

Ecclestone won’t be Sauber saviour

11 July 2013

Bernie Ecclestone has revealed that he won't step in to help Sauber out of its current financial predicament.

The Swiss team is currently facing issues that have resulted in some suppliers going without payment, while reports had suggested that lead driver Nico Hulkenberg has also been forced to wait for wages.

Ecclestone has been known to step in and help teams in the past, but insisted that he wouldn't be able to help the Hinwil-based outfit, even though it was 'what the team deserved'.

The commercial rights holder even suggested that a buy-out could be the best way for the team to ensure its long-term future, with suggestions that new sponsorship deals are set to secure stability in the short-term.

"We have agreements that require us to treat all the teams equally," he was quoted by Sporting Life. "[Sauber are] a good team and I'm sure there is more than one possible buyer.

"I don't want to imagine F1 without Sauber. Ideally, they will find new sponsors in the long term, but even companies who are willing to support them in the short term would be fine.

"The team deserves to be helped. I don't know exactly what their financial situation is, but I know it's not as good as it should be."


» BACK TO CRASH.NET