Peter Sauber is confident that his team will be in Formula One “for many years” despite the team reportedly needing $30m to make it to the end of the season.
Speaking to Swiss publication Blick, Sauber admitted that some investment was needed but he is confident that the money will be found.
“We will not only see out this season to the end, but we will still be in Formula One for many years,” Sauber explained. “I am convinced. The negotiations which we have been involved are close to reaching a conclusion. I’m convinced that we will succeed in getting a rescue.”
Sauber made no secret of how serious the situation was, but he rubbished reports stating that employees at Hinwil had not been paid.
“The situation is serious. It is one of the most difficult situations since I’ve been in motorsport,” the team boss explained.
“For many, we’ve been a very good and a very reliable partner for years. Obviously I’m sorry for any supplier who has had to wait for his money. We have not had to lay anyone off yet and have paid wages on time.”
Sauber’s optimism will sooth many fans of the team, and the fact that negotiations are ‘reaching a conclusion’ will please many in Formula One who are keen on seeing the team enter its twentieth year in F1 next season.
Marco Andretti wanted to do something really special to honor the 25th anniversary of grandfather Mario Andretti’s final Indy car win in 1993 at Phoenix International Raceway (now known as ISM Raceway).
So the third-generation Andretti, along with his team, Andretti-Herta Autosport, came up with a plan and design that will take longtime race fans back in time when it appears early next month for the Phoenix Grand Prix.
Marco Andretti’s No. 98 Oberto Beef Jerky Circle K/Curb Honda will be decked out in the colors of the car his grandfather won his last race on the one-mile short track 25 years ago.
“When the idea of a throwback livery celebrating my grandfather’s final win was thrown around, Oberto was ready to get to the drawing board,” Marco Andretti said in a media release. “The black, white and red car resembles many of my family’s race cars and was a big part of my life growing up.
“It’s really cool to be able to add one of my cars to that family legacy.”
The car is a virtual double of the legendary Newman-Haas Racing and Texaco/Havoline-sponsored car Mario drove on that celebratory day in the Valley of the Sun 2 ½ decades ago.
Various events and ceremonies during the April 6-7 race weekend will honor the senior Andretti. That includes several of his former competitors who will be on hand to celebrate with Mario, including Emerson Fittipaldi, Bobby Rahal, Jimmy Vasser, Paul Tracy, Arie Luyendyk, and of course, son Michael Andretti and grandson Marco Andretti.
Check out what happened on that day 25 years ago: