News Details
Sauber were confident of survival
Sauber team principal Monisha Kaltenborn has played down claims that they were on the verge of going bankrupt before three Russian companies came to their rescue.
Kaltenborn revealed at the start of July that they were struggling financially while the Hinwil squad's owner Peter Sauber admitted the predicament they found themselves in was "embarrassing". The team, though, secured its long-term future a few weeks later by signing sponsorship deals with three Russian entities.
Despite their struggles, Kaltenborn says they were never close to bankruptcy and were confident they would find financial backers.
"Because of the extent and scope of this deal, we knew it would take a...
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12y ago from PlanetF1.com
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