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...
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12y ago from GrandPrix.com
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