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F1: Budget is the key for small, new Formula 1 teams

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Khatir Soltani
From GMM

Lotus, Sauber and HRT are looking for sponsors, but astonishingly AirAsia still features on the Williams.

Tony Fernandes' 'AirAsia' brand is unlikely to feature on the livery of his new formula one team Lotus in 2010.

Jarno Trulli - Lotus

Instead, AirAsia logos are still seen prominently on Williams' FW32 car, with its CEO Fernandes instead advertising his investment firm Tune Group on the green T127.

"AirAsia is already well established. And we already have a contract with Williams, I don't think AirAsia will be on a Lotus car," said Fernandes, one of Malaysia's wealthiest men according to Forbes magazine.

Sauber team is looking for sponsors for 2011
Peter Sauber insists he is not panicking in terms of signing a major sponsor for the 2010 season. According to a report in the Swiss daily Neue Zurcher Zeitung, Sauber has put some of his own money into the team this year, with the budget therefore guaranteed for 2010.

"We are focused on the search for a partner in 2011," he added.

Also rumoured is that the team will make an application some time during the 2010 season to drop the 'BMW' from its official name.

Karun Chandhok - Hispania Racing Team

Jose Ramon Carabante has denied persistent rumours that a German investment group, perhaps with links to Volkswagen, is involved with the new Spanish team HRT.

"Meta 1 failed to get even one sponsor and sold its shares to me. I have had no contact with a German investment group. Now we are beginning to get money from Brazil, India and Murcia, which (Murcia) gives us 3 million (EUR) annually over the next three years," the team owner is quoted as saying by the El Pais newspaper.

Indeed, it was announced in Sao Paulo - with Bruno Senna's mother Viviane Senna in attendance - that the Brazilian bank Banco Cruzeiro do Sul is sponsoring the driver and team in 2010.

Talking about racing and Bahrain, Jose Ramon Carabante says: "The first four races will be our tests. Where we will really begin is in Spain," referring to May's Barcelona event.


photo:HRT & Lotus
Khatir Soltani
Khatir Soltani
Automotive expert
  • Over 8 years experience as a car reviewer
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