I cannot bail out Sauber, says Ecclestone
11 July 2013 – Formula 1 supremo Bernie Ecclestone has said he will not come to the aid of the Sauber F1 team, despite the squad’s current financial plight.
Ecclestone has helped teams in the past, but when asked if he could do the same this time, he told Swiss broadcaster, SRF, that wouldn’t be possible: “We have agreements that require us to treat all the teams equally,” he explained.
“They're a good team [though] and I'm sure there is more than one possible buyer,” he added. “I don't want to imagine F1 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 team deserves to be helped.
“I don't know exactly what their financial situation is, but I know it's not as good as it should be.”
Ecclestone also said that Sauber is not the only team that is struggling to make ends meet: “There are others that are spending more money than they have,” confirmed the 82-year-old.