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Sauber financial difficulties ‘not a secret’

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Sauber team manager Beat Zehnder says that the financial difficulties currently facing the Swiss outfit are “not a secret”, but that it is now in a more comfortable position.

Sauber has faced a great deal of uncertainty in the past three years, but the ship appeared to have been steadied in 2015 after the arrival of drivers Marcus Ericsson and Felipe Nasr, both of whom brought sizeable backing.

However, the team was late in paying its staff earlier this year, and is currently running short on spare parts according to Autosport.

Speaking in Friday’s FIA press conference ahead of the Russian Grand Prix, Zehnder said that Sauber was already in a more comfortable situation than earlier in the year, but that regular income did not got far enough.

“We’ve been in a more comfortable situation already,” Zehnder said.

“We have financial difficulties, it’s not a secret, but I think the good thing is we are still around. We’re working hard to solve all the problems but it’s not easy.

“An annual budget this year is just a massive one and to just cover it by sponsors and the income from Bernie [Ecclestone] is just not sufficient at the moment.”

Zender also said that the loss in value of the Swiss franc in recent years has hit Sauber hard.

“In 2007, one dollar was 1.5 Swiss francs. Now we have parity. So what we had income in dollars is now worth 50 per cent less,” Zender said.

“Switzerland doesn’t make it really easy. The other thing is that obviously F1 personnel, technical, mechanics, you kind of have a pool in the UK, we don’t have it in Switzerland.

“So for motorsport, it’s maybe not the best place to be although we have wonderful living!”

Lewis Hamilton receives Daytona 500 invitation from Bubba Wallace

Lewis Hamilton Bubba Wallace
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Lewis Hamilton is a fan of the new NASCAR Cup Series team formed by Denny Hamlin and Michael Jordan to field a car for Bubba Wallace.

Will the six-time Formula One champion also be a fan in person at a NASCAR race in the near future?

Wallace is hoping so.

After Hamilton tweeted his support Tuesday morning about the news of a Hamlin-Jordan-Wallace team making its debut with the 2021 season, Wallace responded with a sly invitation to the Daytona 500.

Much would need to be worked out, starting with how much garage and grandstand access would be afforded for a 2021 season opener that likely would occur during a still ongoing novel coronavirus (COVID-19) pandemic.

But it would seem fitting given that Hamilton and Wallace have been two of the world’s most outspoken Black athletes about the quest for diversity and racial justice. Hamilton recently reaffirmed his commitment to activism after his donning a Breonna Taylor shirt sparked an FIA inquiry.

The idea of Hamilton attending the season opener already had legs, too. The Mercedes AMG Petronas F1 driver has expressed a desire to race the Daytona 500 after he has retired from Formula One.

He was a spectator (with racing legend Mario Andretti) at four-time champion Jeff Gordon’s final Cup race as a full-time in the 2015 season finale at Homestead-Miami Speedway. In 2011, Hamilton swapped cars with three-time champion Tony Stewart at Watkins Glen International.

Having rubbed shoulders with other racing greats so often, it only would be fitting if Hamilton — who is one victory from tying Michael Schumacher’s career record and also could tie the F1 record with a seventh championship this season — spent some time with the greatest basketball player of all time.

Jeff Gordon was flanked by Mario Andretti and Lewis Hamilton before the 2015 Cup season finale at Homestead-Miami Speedway (Jared C. Tilton/NASCAR via Getty Images).