Ecclestone says Sauber not the only F1 team suffering financially

Bernie Ecclestone with Monisha Kaltenborn MD

Bernie Ecclestone with Monisha Kaltenborn MD

Formula 1 supremo Bernie Ecclestone has ruled out intervening directly to help the financially strapped Sauber team survive, and admits that there are other teams surviving beyond their means in the sport.

In the not-too-distant past, Ecclestone has been known for bailing out struggling teams.

But amid reports that the Swiss team is now struggling to survive, Ecclestone said: “We have agreements that require us to treat all the teams equally.”

The 82-year-old told Swiss broadcaster SRF that “one solution” for the Hinwil based team would be to sell up.

“They’re a good team,” said Ecclestone, “and I’m sure [that] there is more than one possible buyer.

“I don’t want to imagine Formula 1 without Sauber. Ideally, they will find new sponsors in the long term, but even companies who are willing to support them in the short term would be fine,” the F1 chief executive added.

“The team deserves to be helped,” said Ecclestone. “I don’t know exactly what their financial situation is, but I know it’s not as good as it should be.”

He said that Sauber might not be the only team in trouble.

“There are others,” said the Briton, “that are spending more money than they have.” (GMM)

Subbed by AJN.

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