News Details

Sauber – Future in F1 unclear..

Sauber has revealed it is having significant financing problems that are putting the team under extreme stress, so much so that the employees of the team are still owed pay from February wages. “The financial situation for Sauber is tense,” stated a Swiss newspaper, Blick which is close to the team “but, at least, the outstanding February wages are now paid. “Sauber can breathe, but not breathe easy,” the report added. Sauber is currently preparing for the first race in Australia, but a cloud of uncertainty has cast doubt on the team's ability to even race let alone be in with a chance for the podium. The spokesperson for the team declined to comment saying he was not at liberty...
Full Story »
10y ago from F1.co.uk 0
Share

You May Also Be Interested In...

Sauber confirm unpaid wages for February

Reports in Switzerland suggest that Sauber have confirmed that they...
10y ago from FormulaSpy.com

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
10y ago from F1Hub.net

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
10y ago from GrandPrix247.com

Sauber says it will deal with outstanding payments...

Sauber F1 boss Monisha Kaltenborn says the team will solve its outstanding...
10y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Katherine Legge confirmed for Indy 500 with AJ Foyt

AJ Foyt Racing has announced that it will field a third entry in this...

IndyCar to limit entries to those holding a charter

The NTT IndyCar Series has confirmed that future races will be limited to...

Popular On TotalWRC.com

Oliver Solberg crashes out of Rally Islas Canarias

Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...

Sebastien Ogier dominates Rally Islas Canarias

Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...

Popular On GunnersToday.com

Arsenal receive report about Kai Havertz injury before...

Arsenal attacker Kai Havertz will miss the first leg of their Champions...
24m ago from SportsKeeda.com

'Never seen that before in my life!' Carra analyses...

Jamie Carragher demonstrates how Arsenal confused Newcastle in three...
14m ago from SkySports.com

Arsenal sporting director Andrea Berta spotted...

Arsenal Sporting Director Andrea Berta was in Turkey this week to watch...
1h ago from SportsKeeda.com

Arsenal could be entering into 'collaboration' with...

Arsenal could reportedly be set to enter into a collaboration of sorts...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.