Despite being in financial troubles of late, Sauber Formula 1 team has been able to clear off the salaries of its staff for the month of February. With participation in the Australian Grand Prix in doubt, Sauber has done well and will now complete in the season opener in Melbourne, Australia.
Other than the heavyweight teams of Formula 1, mid table and lower table teams face struggles yearlong to meet the expensive challenges of F1. Yet, they manage to meet the required expenses and challenge in the premium tier of motorsport racing.
Sabuer, Manor and Force India requested F1 supremo Baernie Ecclestone to make advance on their championship payments so that they can manage the challenging finances. With the opening grand prix in Melbourne coming up fast, the teams were in special hurry to complete the production of their cars, which made it difficult for some teams to make tight ends of their budget meet, according to Autosport.com.
However, on Wednesday, Sauber were able to clear the salary of their staff. The Formula 1 team from Switzerland is still without a title sponsor and will continue to face financial troubles until they find one.
According to sources, Sauber is in advanced talks with a company regarding its role as the title sponsor; however they are yet to reach an agreement.
Despite facing struggles on the financial front, team Sauber is on schedule with their plans and wants to compete with full force in Melbourne.
This is not a one off instance in Formula 1. Teams outside the traditional heavyweights have regularly faced the challenges of money and unless the governing body decides on some strict rules, struggle of the mid and lower table teams would continue.
Hopefully, a healthier solution is on its course. Until then, financial struggles will continue be a norm in F1.
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