JANUARY 12, 2004
Sauber highlights the exchange problems
Peter Sauber has added to his voice to the worries being expressed by various Formula 1 teams about the team dropping value of the US dollar. The American currency has dropped 17% against the Euro this year and this is affecting the F1 teams who do most of their sponsorships in dollars.
"About 70% of our budget is in dollars," says Sauber, "so it is clearly a problem."
Sauber said that the team's budget for 2004 is in the region of $100m.
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