financial problems Archives

With 28 points in the total in the first part of this season, it is a great success for a newcomer between the teams, the Haas team. They proved what, say, some of the new teams before them failed to do, namely that they immediately appeared in the middle section of the racing teams and thus overtook Renault, Manor and Sauber in the overall standings. Teams that already have a few years behind them. Despite the satisfaction with the first part of the season, not everything is so rosy with the Haas team. Gene Haas supports the team financially through his company and thus pays all the bills, as basically the team does not have special sponsors behind it, as we are used to with other teams. So far, there have been no funds from the points won, as these are paid out after the end of the season. This fact forces the main owner into personal financial difficulties. »Bernie Eccle

Former world champion Emerson Fittipaldi has also been hit by the economic and financial crisis in Brazil. The Formula One world champion in the 1972 and 1974 seasons is in big financial trouble, according to the Associated Press. Failing to meet major financial obligations, equipment and exhibits at his museum were confiscated last week. Thus, the state authorities seized a large number of winning trophies, a Formula 1 race car and a race car with which he won the famous Indy 1993 race in 500. This equipment was part of his private collection in his museum. The Brazilian, who even tested himself with his own Copersucar-Fittipaldi team in 1980, explained that he would find a solution to the current situation in the coming days.

Label: financial difficulties

Gene Haas: Buying an existing team would be better

Former world champion in financial trouble