MX23RW : Saturday, May 4 09:29:46| >> :600:1082072:1082072:

Sauber 'not concerned' about F1 sponsor crisis

Sauber 'not concerned' about F1 sponsor crisis
© Reuters
Sauber insists it is "not concerned" about reports of a Swiss federal investigation into the legality of its new identity in Formula 1.

Sauber insists it is "not concerned" about reports of a Swiss federal investigation into the legality of its new identity in Formula 1.

With the Alfa Romeo partnership now ended and two full seasons remaining until the works Audi rebranding, Sauber officially renamed its team and chassis after sponsors Stake and Kick for 2024.

The problem, though, is that gambling advertising in Switzerland is banned, meaning simply being called Stake - after Australian online casino company Stake - appears to be a breach of Swiss law.

SRF, a major Swiss broadcaster, says Sauber faces fines of up to 500,000 Swiss francs for the breach, but it is not known what would occur in light of a sustained breach throughout the entire 24-race calendar.

Tellingly, the official Sauber Group website suddenly no longer features any mention whatsoever not just of Stake, but any team partner whatsoever - or even the Hinwil-based Formula 1 team itself.

The site's indexed 'Partners' page, meanwhile, now returns a "404 - This page could not be found" error.

In response to media coverage of Sauber's sponsor crisis since the launch of the neon green and black Stake F1 Team car for 2024, the team played down the matter.

"Sauber Motorsport AG has always adhered and continues to adhere to the laws in force both in Switzerland and in the countries where the races take place," a spokesperson said on Wednesday.

"We are not concerned about the (SRF) article about the ongoing investigation by Swiss authorities," the team added. "It is a process that will confirm that we are complying with all admissible laws in force."

ID:536197:1false2false3false:QQ:: from db desktop :LenBod:collect1811:

Click here for more stories about Sauber

Collect / Create New Data
Share this article now:
Marcus Ericsson driving for Sauber during practice for the Brazilian Grand Prix in November 2018
Read Next:
Sauber to switch between two team names in 2024
>
Read more about Sauber Formula 1
rhs 2.0


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!