In preparation for the upcoming Formula 1 2017 season, former Mercedes driver Pascal Wehrlein has made his entry at Sauber.
Leading F1 squad Caterham has revealed 75,000 pounds of profit from crowdfunding that permitted it to take part in 2014’s last Grand Prix at Abu Dhabi. The team came up the crowdfunding plan post his administration collapse last October but the plan was received with severe controversies. The F1 fans came up with an aggregate of 2.4 mn pounds to purchase team equipment’s & have their names placed on the vehicles at the Abu Dhabi race. But as per the just released documents, value of old kit & memorabilia that Caterham offered back to donators came to simply 160, 316 pounds. Thus the team received a grand profit from crowdfunding. The documents even disclosed that the squad came up with a 515,298 pounds of boost from the sponsorship paid from its two drivers- Kamui Kobayashi & Willl Stevens. While Kamui has retired from racing, Will finished in the last place. According to close sources, a huge share of the income got exhausted in the grand racing expenditures. “It’s estimated that last trading surplus picture would be around 75,000 pounds”, read the document. The F1 team’s fuel bill at the last race was around 80,000 pounds while accommodation & travel costs came at around 31,142 pounds & a heightened 28,577 pounds was spent for catering. On the contrary, 49 squad members from Caterham were paid a mere 2,000 pounds each that is way behind the supercharged salaries this sport is so famous for. In fact, it is believed that the Caterham crew received lesser payment even in comparison to workers in any other F1 squad this year. Marussia can be a close competition which is another F1 squad that collapsed down recently and had a fair share of their assets being sold off at auction this December.
Sauber Movie Score: four / 5
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Sauber Movie Score: four / five
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