Jul 14, 2013, 9:00 AM EDT
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.
Apr 18, 2015, 10:00 PM EDT
Beretta’s Ferrari to start up front for Round 5 of season.
Apr 18, 2015, 9:15 PM EDT
Newgarden qualifies sixth for Long Beach race, best outside IndyCar’s established “power trio.”
Apr 18, 2015, 9:05 PM EDT
With 1-2-5 in qualifying at Long Beach, Team Penske’s hot streak on Saturdays continues to open 2015.
Apr 18, 2015, 8:49 PM EDT
Polesitting entries bring it home Saturday at Long Beach for the TUDOR Championship.
Apr 18, 2015, 8:15 PM EDT
Scott Dixon hopes for success at Long Beach, a track he considers a “thorn in the side.”
Apr 18, 2015, 8:05 PM EDT
Ryan Hunter-Reay begins rebound from NOLA wreck by qualifying fourth in Long Beach.
Apr 18, 2015, 6:44 PM EDT
NBCSN IndyCar analyst Townsend Bell returns to the Indianapolis 500 with Dreyer & Reinbold/Kingdom Racing.
Apr 18, 2015, 6:19 PM EDT
Helio Castroneves brings Team Penske its third consecutive pole to start the season.
Apr 18, 2015, 5:52 PM EDT
IndyCar qualifying about to go on NBCSN and NBC Sports Live Extra.
Apr 18, 2015, 5:28 PM EDT
Jack Harvey will start from the pole for Sunday’s Indy Lights race in Long Beach.
Apr 18, 2015, 5:00 PM EDT
American driver Alexander Rossi performs admirably to finish third, having lost the lead of the race with two laps remaining.
Apr 18, 2015, 3:15 PM EDT
Despite expecting to struggle in Bahrain, Sainz will start the race from ninth place on Sunday.
Apr 18, 2015, 2:40 PM EDT
Grosjean believes he could have qualified higher up the grid, but is pleased to have maintained his 100% Q3 record in 2015.
Apr 18, 2015, 2:12 PM EDT
Simon Pagenaud led IndyCar’s final practice session in Long Beach.
Apr 18, 2015, 2:07 PM EDT
Daniel Ricciardo fares far better in the sister Red Bull, qualifying seventh in Bahrain.
Apr 18, 2015, 2:00 PM EDT
Former Red Bull driver believes that the focus should not be on tire management, but instead on driver ability and pace.
Apr 18, 2015, 1:30 PM EDT
Rosberg misses out on the front row for the second time in three races, exposing Mercedes to the threat from Ferrari in the race.
Apr 18, 2015, 1:04 PM EDT
Conor Daly gets a last-minute IndyCar shot with Dale Coyne Racing.
Apr 18, 2015, 1:00 PM EDT
Four-time world champion qualified second for the Bahrain Grand Prix, splitting the Mercedes drivers at the front of the grid.
- Castroneves secures pole in IndyCar qualifying at Long Beach 0
- Hamilton eases to fourth straight pole position in Bahrain 0
- Hamilton closes out Bahrain GP practice on top 0
- INDYCAR confirms more aero kit updates coming to Long Beach 1
- Rocky Moran Jr. to replace Huertas in Coyne’s No. 18 for Long Beach 7
- Rosberg heads up Mercedes one-two in Bahrain FP2 1
- Kimi Raikkonen quickest in first practice for Bahrain GP 2