Alonso cops $80m tax bill for return to Spain

By on Monday, May 23, 2011

May 23 (GMM) Fernando Alonso's decision to return to live in Spain will cost him $80 million in tax, according to the British tabloid newspaper The Mirror.

The report said the Ferrari driver had been living in Switzerland for tax reasons but decided to move back to his native Oviedo to be closer to family and friends.

"It's great to go home. I'm happy to pay the money. I'm not poor -- just a little bit less rich now," he smiled.

Meanwhile, the Swiss newspaper Le Temps has quoted F1 team boss and owner Peter Sauber as admitting he is happy with a modest lifestyle.

The 68-year-old lives on the shores of Lake Zurich but he reportedly does not have a yacht, jet or luxury villa.

And he recently moved out of a five bedroom house in exchange for a three bedroom apartment.

"My children have left home and we don't need much space," he said, explaining that he doesn't even drive a sports car.

"I have a car, that's enough. Yachts, I like them but I admire them only in the port of Monaco. I don't have enough time to be really interested."

Amazingly, he also revealed he is not really a motor racing fanatic.

"I'm not a big fan of racing. What interests me is not winning but the path it takes to get there," said Sauber.

If you liked this post then share it with your friends on social media websites. You can also follow us on Facebook and Twitter to stay up to date with the latest F1 news.