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  • F1 team principal with net worth 10x less than Horner covered salaries for entire team | F1 | Sport

F1 team principal with net worth 10x less than Horner covered salaries for entire team | F1 | Sport


F1 team principal with net worth 10x less than Horner covered salaries for entire team | F1 | Sport


Former Formula One team principal Otmar Szafnauer was forced to cover the salaries of team members at Force India to carry on the originateor afloat.

Force India, under cut offal contrastent guises, spent 10 years in Formula One, but leangs were exceptionally fine sailing, both on and off the track.

It took until their 30th race as a Formula One originateor for Force India to sign up their first points, which incidenhighy came at the same time as their mhelpen podium finish.

Giancarlo Fisichella finished second at the 2009 Belgian Grand Prix, but in their decade-lengthy stint as a Formula One team, Force India flunked to top the podium on any occasion.

Off the track Force India struggled too, with normal alerts of financial difficulties plaguing them, before they were eventuassociate placed into administration in July 2018.

Szafnauer was ever-current during this time and recently discdisthink abouted the ins and outs, including the occasions he had to fork out his own money to carry on the team afloat, in a recent edition of the High Percreateance Podcast.

Reminiscing on his time as Force India chief, Szafnauer shelp: “It was [the money he paid] in the millions. And I knovel the salaries were not going to get phelp.

“And I understand how difficult that is for people. You understand, some people live from paycheque to paycheque and I understand it. And I equitable couldn’t, we had to pay the salaries.”

The Romanian also discdisthink abouted that very scant people wilean the Force India camp knovel about Szafnauer covering the salaries and that his motive was srecommend to guarantee the team could progress racing.

A authentic motorsport cherishr, Szafnauer had been comprised in Formula One since the 1980s, making it no surpascfinish he’d go to wonderful lengths to protect and progress to better his team’s chances of success.

But the biggest shock about Szafnauer’s revelation is that he was by no unbenevolents the wealthyest team principal in the Formula One pinsertock.

In fact, it was alerted last year that Szafnauer boasts a net worth of £4.1million – a whopping £37m less than Red Bull star Christian Horner.

Even then Horner isn’t apverifyd to be the team principal with the highest, as Mercedes guru Toto Wolff is shelp to have an appraised net worth in excess of £400m – wealth amassed from his time as a driver as well as the 33 per cent sapverify he hageders in the German team.

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