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GP Week : Issue 186
EDITOR: Kate Walker email@example.com MOTOGP EDITOR: Michael Scott F1 NEWS EDITOR Abhishek Takle TECHNICAL EDITOR Paolo Filisetti RACE EDITOR Trent Price CONTRIBUTING EDITOR Leigh O'Gorman BUSINESS EDITOR Caroline Reid PRODUCTION ARTIST Cedric Dufour PHOTOGRAPHy Sutton Motorsport Images www.sutton-images.com Keith Sutton firstname.lastname@example.org: Mark Sutton, Patrik Lundin, Dirk Klynsmith, Daniel Kalisz PUBLISHER Chris Lambden email@example.com PUBLISHED By: Grand Prix Week Ltd 61 Watling Street, Towcester Northants NN12 6AG United Kingdom ADVERTISING: n Richard Partridge firstname.lastname@example.org Ph: + 44 1273 232 566 Mob: + 44 7771 567 644 n Mark Sutton email@example.com n se Asia, Australasia GPWEEK (Australia) firstname.lastname@example.org .com WEEK The high cost of competing in Formula One is creating difficulties for sauber, with team principal Monisha Kaltenborn (right) admitting the swiss team is in financial trouble, one of seven of the sport’s 11 teams in a similar situation. “It is true, we are in trouble presently,” Kaltenborn told German tabloid Bild. “But we will get out of it again.” Finances are making for a sticky situation in Formula One. The spiralling costs of competing in the sport have been a major worry for teams since the manufacturer exodus at the end of 2009, while the 2014 engine specification change, an increase in entry fees, and the controlled return of in-season testing are complicating matters further. To make matters worse, while the sport itself has seen several blue chip sponsors join its ranks, high profile deals with the likes of Emirates and Rolex have gone to the Formula One brand, and not to individual teams. The promoter is able to offer sponsors a better return on their investment with guaranteed brand exposure via trackside signage, making FOM a more attractive prospect than the teams. As a result, individual deals are harder to come by, and slower to negotiate. Kaltenborn told Swiss newspaper Blick that the team is currently in talks with a major sponsor believed to be Russia’s Gazprom. “We have been in negotiation for some time with a potential partner,” she said. “The whole thing is taking more time than we thought it would, but we are on track. We are currently going through a difficult phase, but we will continue in 2013 to the end.” On Thursday, Sauber driver Nico Hulkenberg – who is rumoured to be waiting for some of his wages to be back-paid – admitted the team was going through a difficult time. “I think it’s a difficult situation,” Hulkenberg said, “like Monisha told the press yesterday. But I think she and the team and the management are working on a solution and trying to work a way out of it, to get better things. She’s assured me that she’s busy working on that and there’s not much more I can say.” After a strong campaign last year that saw the team score four podiums, Sauber’s 2013 contender has proven to be uncompetitive, giving the team just six points from the first eight races of the year. Sauber currently lies eighth in the constructors’ championship, having finished only three races in the points this year. The team was dealt a further blow at Silverstone when it emerged that chief designer Matt Morris would be jumping ship to McLaren. SOBERING TIMES AT SAUBER F1 >>> nEWs 7 GPWEEK.com // 7 GPWEEK.com // PARTNERS: