Kaltenborn “beyond the stage of frustration” over F1’s cost crisis

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Sauber team principal Monisha Kaltenborn has made no secret of her frustration over the cost crisis currently being faced by Formula 1 and the lack of action from the powers in the sport.

This weekend’s United States Grand Prix will feature just eighteen cars after both Caterham and Marussia collapsed due to financial problems.

Both teams are currently looking for fresh investment and a new buyer to keep them racing, but the outlook is bleak.

Kaltenborn has long warned about an impending crisis in the sport, and is dismayed by the fact that the sport has caused its own problem.

“I think I’m beyond the stage of frustration,” she said. “I’m first of all very disappointed because it’s one thing to always talk about this terrible scenario that some teams are not going to be there, but that the sport and the people responsible for the sport have let it come that far is extremely disturbing. I think some stakeholders and people are just not willing to understand where the problem lies.

“What we really need to look at, and what we even as a team have been saying for so long, is that you have to get the figures right in the sport. I think it’s a real shame that we have turnovers of billions of dollars and as a sport, as a community, we are not capable of making sure that eleven teams survive.

“I think the worst part is that we’re damaging the sport with this so much that I think the owners of the product of the sport should think what they’re doing here.”

Kaltenborn believes that there should be a fairer share of the revenues between teams, with each outfit receiving enough financial backing to ensure that they can compete and exist in the sport.

“I think there should be a certain amount which guarantees each and every team to at least live decently,” Kaltenborn explained. “No-one is saying that you have to have the most luxurious standard to be allowed to participate in the sport. All of us have put in so much investment into our teams, coming to this level.

“I think that should be respected in this way that you should get a basic amount which is the same for everyone. The brands in here are already so established. Ferrari will always get different kinds of sponsors and amounts than say Sauber will get – but at least you’ve created an environment where a smaller team does not have to suffer that much.

“I think it’s pretty outdated to say ‘if you don’t have the money, don’t be in the sport’, because even small teams are putting a lot of money into the sport.”

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