News Details
Sauber boss admits delay in Russian rescue deal
August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian rescue deal is facing delays. Despite reports of an enormous investment in the struggling Swiss team by Russian government-linked entities, we reported recently that the money is yet to start flowing. Sauber's financial crisis, therefore, may not yet be over, with the German newspaper Welt reporting that Ferrari's ultimatum of a EUR 9 million engine supply bill being paid by the end of the August break is still in effect. It is suggested the entire Sauber deal has to be signed off by none other than Russian president Vladimir Putin, and as yet he not done so. Team boss Kaltenborn has admitted a delay. Welt quoted her as...
Full Story »
Full Story »
11y ago from F1Plus.com
0
You May Also Be Interested In...
Sauber boss admits delay in Russian financial rescue...
Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
11y ago from GrandPrix247.com
Sauber boss admits delay in rescue deal
Monisha Kaltenborn has admitted Sauber's Russian rescue deal is facing...
11y ago from GrandPrix.com
Sauber was never close to bankruptcy claims Kaltenborn
Team principal Monisha Kaltenborn has denied Sauber was ever close to...
11y ago from GrandPrix247.com
Deal to secure the future of the Russian Grand Prix...
The promoters of the inaugural Russian Grand Prix have moved to end the...
11y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Raul Fernandez: “I don’t race for money – I race...
No description available...
16h ago from Motorsport.com
Kevin Schwantz: ‘Nothing but gains to be had'...
1993 500cc champion Kevin Schwantz believes the potential Liberty Media...
1d ago from MotorsportWeek.c...
Jorge Martin pushing for early Aprilia exit;...
No description available...
4d ago from Motorsport.com
Why Martin-vs-Aprilia conflict will have no easy...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Dixon fastest in treacherous Fast Friday practice at...
The boost was turned up for Friday’s practice running at the...
8h ago from MotorsportWeek.c...
Scott McLaughlin leads treacherous Fast Friday with...
No description available...
7h ago from Motorsport.com
Kyffin Simpson sent airborne in scary Indy 500...
No description available...
13h ago from Motorsport.com
Kyle Larson crashes during mock qualifying run in Indy...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Ott Tänak tops Rally Portugal after fierce Friday...
Ott Tänak claimed his 400th career stage win on the final stage of Rally...
10h ago from MotorsportWeek.c...
Sudden failure forces Fourmaux out of Rally Portugal...
No description available...
15h ago from Motorsport.com
Martins Sesks working on expansion to 2025 WRC...
No description available...
4d ago from Motorsport.com
Hyundai offers update on its WRC future dilemma
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Talks held: Arsenal & Chelsea meet with 25 G/A...
Arsenal and Chelsea have reportedly both met with the representatives of...
1h ago from CaughtOffside.com
Fabrizio Romano: Arsenal star remains 'DREAM' target...
Fabrizio Romano has delivered some rather worrying Arsenal news as it...
12m ago from CaughtOffside.com
Brighton transfer news: '£30m-plus-player bid'...
Brighton & Hove Albion are reportedly pursuing a deal to sign a...
10h ago from SportsMole.co.uk
Kai Havertz ‘destroying metrics’ as he nears...
t;li>Mikel Arteta: ‘There’s been a transformation in his...
9h ago from TheGuardian.com
Comments
Hottest News
Ferrari concedes it made ‘mistakes' with troubled...
Ferrari boss Fred Vasseur has expressed that he... Read More »
52m ago from MotorsportWeek.com
F1 News Today: FIA announce Ferrari punishment verdict as...
Mercedes have confirmed that team principal Toto... Read More »
52m ago from GPFans.com
F1 2025 Emilia-Romagna Grand Prix – FP2 Results
It was a McLaren one-two once again as Oscar... Read More »
14h ago from MotorsportWeek.com
