“It was in the millions” - The remarkable story of an F1 boss paying his team’s wages
"I had my own mone🔯y. And I knew the salaries were not🌊 going to get paid, and I knew how difficult that is for people."

Former F1 team boss Otmar 𝓰Szafnauer has revealed he was forced t𝓡o pay Force India’s salaries on two occasions.
Szafnauer was a key figure at Force India, in༒itially joining the Silverstone-based outfit in 2009.
Under his lea💦dership, Force India moved up the field and🌌 became an established midfield team..
Despite being the smallest team on the grid in terms of budget and facilities, Force India out-performed their resources, often picking up podiums in the mid 2010s with 168澳洲幸运5官方开奖结果历史:Sergio Perez.
It wasn’t plain-sailing for the t🌜eam though with Force India entering administration in 2018 before Lawrence Stroll’s༺ takeover and later rebrand to Racing Point.
Speaking on the High Performance podcast, S🏅zafnauer detailed ꧟why he had to use his own money to pay the team’s salaries.
“Twice,” he revealed.
He then added: “It wasn’t that much.”
Before revealing: “It was in the millions.”
Shedding light on the situation, Szafnauer explained: “I paid it with the help of my🐓 partner at Soft Pauer. We had money in the business. I had my own money. And I knew the salaries were not going to get paid𝐆, and I knew how difficult that is for people.
“Some people live paycheck to paycheck, and I understand it. We had to pay the salaries, and the Formula 1 mone♐y was coming in five days’ time. So say the salaries are due on a F👍riday, and we’re getting the Formula 1 money the following Wednesday.
“So I could have waited, not paid on Friday, or paid with my own money a🔜nd then waited until Wednesday to get that money back from when the Formula 1 money came.”
Szafnauer conceded it was a “huge risk” but outlined that his decision to ensure the salaries were pꦛaid were important for team spirit.
“In between that Friday and the Wednesday, there’s a huge risk of, well, what if that money doesn’t come?” Szafnauer added. “Or what if that money does come, and somebody else knocks on the door and s✨ays, ‘Hey, you owe me $2 million, and unless you give me this money, I’m shutting you down.’
“S🀅o that was five, six, seven days of, ‘What if?'” I knew that the team did well because of the team spirit, the camaraderie we had — the looking after each other.
“There was only 400 of us, or 408, or whatever it was at the end. And at the time, we’re competing with teams that h🎃ad no budget cap, right? That had 13 [to] 14,000 people.
“We had 400 and a £90 million budget. The others had a £250 million budg🐽et.”

With a sharp eye for F1’s controversies and storylines, Connor is the heartbeat of our u♔nbiased reporting.