News Details
Sauber secure long-term future via Russian investment
Sauber F1 Team's long-term future appears to have been secured after three Russian companies confirmed their investment in the Swiss team early this morning.
The team's financial crisis had been well-documented in recent weeks with Peter Sauber admitting that suppliers had not been paid, and Nico Hulkenberg was rumoured to have not been paid, thus terminating his contract with the team temporarily until investment was found. However, a solution appears to have been found.
The statement from Sauber reads:
'We are pleased to announce a partnership between the Investment Corporation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute...
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12y ago from RichlandF1.com
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