Sauber ensures long-term Formula 1 future
15 July 2013 – Sauber has secured its long-term future in Formula 1 by joining forces with three Russian companies. The agreements follow a period of major uncertainty for the outfit, which has been struggling to pay its suppliers in recent months.
The Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies are the three companies involved, aiding Sauber technologically and financially.
"We are pleased to announce a partnership between the Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies with Sauber Motorsport AG, incorporating the promotion of the sport Formula 1 in Russia and jointly developing high-technological solutions," read a statement issued by the outfit on Monday.
The deals place an emphasis on Russia's involvement in motorsport, with Sauber now set to guide 17-year-old Sergey Sirotkin, son of International Institute of Aviation Technologies head Oleg Sirotkin, towards a race seat for the 2014 campaign.
Having started out in karting five years ago, Sirotkin switched to single-seaters in 2010, claiming the European Formula Abarth title one year later before progressing to AutoGP and Italian F3. He now competes in the Formula Renault 3.5 category, where he has this season picked up a podium finish and two further points results.
"The partnership includes further activities for the promotion of the inaugural Formula 1 Grand Prix in Sochi in 2014 and attracting the talented young Russian generation towards motorsport," the Hinwil-based team went on to explain in its statement.
"In particular, a development programme will be set up for the Russian driver Sergey Sirotkin to prepare him as a racing driver for the team in 2014."