Sauber F1 team unconcerned by reported investigation into gambling sponsorship
Stake logos were prominent on the new Sauber car, the C44, when it launched on Monday
Copyright 2024 The Associated Press. All Rights Reserved
The Sauber Formula 1 team says it is not concerned by a report that it could potentially face a fine in Switzerland over its sponsorship deal with online gambling company Stake.
This content was published on
2 minutes
AP
Swiss public broadcaster, SRF, reported on Tuesday that the national gambling regulator had opened proceedings against Sauber. The team is based in Switzerland, where gambling advertising by foreign companies is restricted. SRF reported a fine of up to CHF500,000 ($573,000) was possible.
“Sauber Motorsport AG have always complied and continue to comply with all existing regulations, both Swiss and of whichever country we race in,” Sauber said in an emailed statement on Wednesday. “The report of an ongoing investigation by the Swiss Authorities does not concern us: this is a procedure that will highlight our compliance with all applicable regulations.”
Stake became a sponsor of the team last year and took on a more prominent role this season after previous title sponsor Alfa Romeo left. Sauber has previously removed Stake branding from its cars for some races where local laws ban or restrict its advertising.
Stake logos were prominent on the new Sauber car, the C44, when it launched on Monday. The team is branding itself as the Stake F1 Team for most races this year and plans to use the name of another sponsor, Kick, for others where gambling advertising is not allowed.
Stake’s logo was not visible on the Sauber Group website’s list of partners as of Wednesday.
Stake and the Swiss gambling regulator did not immediately respond to requests for comment from The Associated Press.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Foreign Affairs
How a top Swiss university is screening Chinese students
L’Oréal acquires South Korean subsidiary of Migros’ cosmetics brand
This content was published on
French cosmetics firm L'Oréal is acquiring Gowoonsesang Cosmetics, the South Korean subsidiary of the Migros-owned Mibelle group, for an undisclosed sum.
Sharp hike in number of protected historic monuments in Switzerland
This content was published on
In 2022, there were close to 91,000 protected historic monuments in Switzerland, 21% more than in 2016, said the Federal Statistical Office.
Switzerland adopts further EU sanctions against Russia
This content was published on
Switzerland has added several dozen names to its list of sanctioned persons or entities from Russia after adopting the amendments made by the European Union.
Snowfall causes travel restrictions in much of Switzerland
This content was published on
Heavy snowfall in several regions of Switzerland caused restrictions in road and rail traffic on Monday morning, though conditions eased by the afternoon.
Swiss major-general named acting head of UN observer force in Golan Heights
This content was published on
Major-General Patrick Gauchat has been appointed acting head of the United Nations Disengagement Observer Force (UNDOF) in the Golan Heights.
Accidents up sharply among older skiers in Switzerland
This content was published on
People over the age of 40 account for more than half of all ski injuries in Switzerland, a new study by insurance firm Suva shows.
Switzerland proposes strengthening rights of people with disabilities
This content was published on
The Swiss government is proposing a package of new legislative measures to promote inclusion of people with disabilities in all areas of life.
This content was published on
The Swiss artist Kurt Laurenz Metzler, known for his colorful sculptures made of fiberglass and polyester, has died in Zurich at the age of 83.
Historic Swiss bathhouse on Lake Constance destroyed in a fire
This content was published on
In the northern Swiss town of Rorschach, the 100-year-old Badhütte (bathing hut) on the shores of Lake Constance burned down early Monday morning.
Trump picks Callista Gingrich as ambassador to Switzerland
This content was published on
Incoming United States president Donald Trump has named Callista Gingrich as the next ambassador to Switzerland. Gingrich was posted to the Vatican under Trump's previous term.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.