News Details

F1 2013 – Sauber – Russian rescue deal falls apart?

Just under a month ago Sauber announced a rescue deal which would see the Swiss based team receive a much needed financial injection from Russian bankers, but recent reports are suggesting the deal is far from done.Reports from bild newspaper are suggesting that National Aviation Institute of Aviation Technologies, the company set to save Sauber, has had its board of director’s vote against the rescue package.The 400million euro investment would see Sauber pay off creditors including Ferrari [engines], Pirelli, Nico Hulkenberg, Esteban Gutierrez and former Sauber driver Kamui Kobayashi, who are all reportedly owed money by Sauber.Failing to secure a deal could see sauber out of the second...
Full Story »
12y ago from F1.co.uk 0
Share

You May Also Be Interested In...

Sauber boss admits delay in Russian financial rescue...

Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
12y ago from GrandPrix247.com

Sauber boss admits delay in Russian rescue deal

August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian...
12y ago from F1Plus.com

Russian entity votes down Sauber rescue

By Editor on Tuesday, August 13, 2013 After all the ‘Russian rescue...
12y ago from F1Zone.net

Pirelli waiting for Sauber tyre bill

By Editor on Monday, August 12, 2013 Reports of a continuing financial...
12y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Enea Bastianini ‘can’t explain’ KTM tyre...

Enea Bastianini admitted he “can’t explain why” he struggled to...
18h ago from MotorsportWeek.c...

Motorsport Week's Top 10 MotoGP riders of 2025

The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...

Popular On IndyCarToday.com

Race start times for 2026 IndyCar season announced

The NTT IndyCar Series has announced the race broadcast start times for...

Popular On TotalWRC.com

Popular On GunnersToday.com

Central defensive duo could be key to exacting Villa...

Morning all. It's a big one tonight in the Premier League as Aston Villa...
1h ago from Arseblog.com

Manchester United and Arsenal could battle to sign...

Manchester United reportedly have Arsenal for company as they set their...
2h ago from SportsKeeda.com

‘Something can happen' – Arteta teases...

Arsenal manager Mikel Arteta has made it clear that the club will be...
3h ago from CaughtOffside.com

Arsenal vs Aston Villa Prediction and Betting Tips |...

The Premier League is back in action with another round of matches this...
14h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.