News Details
Sauber rescue deal worth $170 million
Sauber boss Monisha Kaltenborn has clarified reports suggesting the Swiss team has been bought by Russian entities.
Having earlier admitted a sale of the team could not be ruled out, the struggling Hinwil based outfit announced on Monday that it has new Russian partners.
The news was reported as Sauber having been 'rescued' by Russia, but Italy's Autosprint quotes Kaltenborn as insisting: "The team has not been sold."
And Speed Week reports that Sauber's existing structure, with Kaltenborn and founder Peter Sauber at the decision-making helm, is not changing.
The Swiss portal 20 Minuten, however, said the Russian investment in Sauber amounts to a whopping $170 million, clearing...
Full Story »
Full Story »
12y ago from GrandPrix.com
0
You May Also Be Interested In...
Sauber rescue package reportedly worth $170 million
Sauber rescue package reportedly worth $170 million 16 July, 2013 Peter...
12y ago from GrandPrix247.com
New Sauber driver linked to saviour Russian sponsor
By Editor on Monday, July 15, 2013 Sauber's next driver is closely linked...
12y ago from F1Zone.net
Russian deal helps embattled Sauber eye long-term...
Amid reports the Swiss team is on the brink of collapse, Sauber on Monday...
12y ago from GrandPrix.com
Sauber announce Russian partnership
By Editor on Monday, July 15, 2013 Financially struggling Sauber...
12y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: "Screw them" after claims he...
No description available...
4h ago from Motorsport.com
Franco Morbidelli tops first Misano MotoGP practice
Despite crashing on his final run, VR46 Ducati rider Franco Morbidelli...
3h ago from MotorsportWeek.c...
2025 MotoGP San Marino Grand Prix – How to watch,...
No description available...
7h ago from Motorsport.com
Yamaha unveils V4 MotoGP prototype for Misano
Yamaha has officially unveiled its new V4-powered YZR-M1 MotoGP bike,...
22h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Robert Shwartzman refutes rumors about unhappiness in...
Robert Shwartzman has denied that he is unhappy in IndyCar after wrapping...
1d ago from MotorsportWeek.c...
Christian Lundgaard calls first McLaren season a...
No description available...
2d ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Rally Chile drivers, teams thrown curveball as...
No description available...
17h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Days before first set of matches, UEFA confirm change...
UEFA have announced a major rule change that could help unregistered...
2h ago from SportsKeeda.com
“I’m not in the competition - I’m a different...
Arsenal defender Riccardo Calafiori named the players with the best...
2h ago from SportsKeeda.com
Liverpool, Arsenal, Man Utd & Chelsea all...
Liverpool, Arsenal, Manchester United and Chelsea are reportedly all...
5h ago from CaughtOffside.com
Calafiori dreamin' …
Morning. There's not a lot going on right now. Mikel Arteta's press...
6h ago from Arseblog.com
Comments
Hottest News
Wolf to Audi! F1 team poach key manager from rivals
Audi F1 team have acquired a key figure from one... Read More »
5h ago from GPFans.com
Lewis Hamilton sheds new light on choice to leave Mercedes...
Lewis Hamilton has explained that he opted to... Read More »
55m ago from MotorsportWeek.com
How ‘special’ Adrian Newey is already having instant...
F1 design guru Adrian Newey and his "very... Read More »
1h ago from MotorsportWeek.com
