Monday, July 15, 2013

Sauber announce partnership with Russian firms

Sauber F1 Team have come out of their financial struggles after announcing a partnership with three Russian organizations the Investment Cooperation International Fund, the State Fund of Development of the North-West Russian federation and the National Institute of Aviation Technologies.

The deal which was announced earlier today will lead to teenage Russian driver Sergey Sirotkin joining the Formula One team next season.

"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.

"With the National Institute of Aviation Technologies, one of the leading scientific research institutions in Russia, the Sauber F1 team will benefit from the advanced know-how of the front-end Russian scientists and engineers. The objective of the partnership is to open up new perspectives and revenue streams by commercialising jointly developed technologies.

The statement further added, "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. 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."

With the performance of Esteban Gutierrez being way off the mark, of what is expected of a Formula 1 driver his seat could be in jeopardy. But considering the sponsorship dollars he brings in, the Russian might fill in the seat of the unhappy Nico Hulkenberg who is looking for a team that can provide him with a car to better suit his talents.  
The team also said that details of the cooperation will be communicated at a later stage.

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