News Details
Sauber deny Russian deal on brink of collapse
The media is awash with reports that Sauber's Russian backing is on the brink of collapse, and therefore the team is faced with being sold or the threat of bankruptcy. The Swiss team has however denied the latest "rumour" and insists the deal is progressing as planned. According to German media, the Board of the National Institute of Aviation Technologies (NIAT) - one of the three businesses backing Sauber - has voted against the proposed investment in the Formula 1 team. The report continues to suggest that the loss of NIAT will result in the loss of around €400 million over several years. Sauber has however hit back, with a spokesperson telling Auto Motor und Sport that...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Sauber's Russian rescue package on the brink of...
It has now emerged that Sauber's supposed ‘Russian rescue deal' is...
11y ago from GrandPrix247.com
Sauber claim Russian bailout collapse reports not...
Leading figures involved with Sauber's high profile Russian rescue deal...
11y ago from GrandPrix247.com
Russian board rejection places Sauber in jeopardy
Reports today are that the Board of the National Institute of Aviation...
11y ago from Pitpass.com
Sauber boss admits delay in Russian rescue deal
August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian...
11y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
7h ago from MotorsportWeek.c...
Why Marc Marquez stressed his Ducati is identical to...
No description available...
1d ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
2d ago from Motorsport.com
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin looking to rebound after ‘lowest...
Scott McLaughlin is hopeful that he can quickly bounce back from his...
1d ago from MotorsportWeek.c...
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
3d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
12h ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
3d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal make initial approach to sign 25-year-old...
Arsenal have reportedly initiated the first steps to land Lille...
1h ago from SportsKeeda.com
Aston Villa make stance clear on rumoured Arsenal and...
Aston Villa could be in store for a tricky summer because of PSR issues,...
2h ago from CaughtOffside.com
Barcelona gain advantage in race to sign Arsenal and...
Arsenal want to sign a new left winger this summer, but their chances of...
3h ago from CaughtOffside.com
‘It’s not as simple as that' - Jack Wilshere warns...
Former Arsenal midfielder Jack Wilshere reckons the Gunners need more than...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 Canadian Grand Prix – FP1 Results
Max Verstappen clocked the quickest time in the... Read More »
3h ago from MotorsportWeek.com
LIVE: 2025 F1 Canadian Grand Prix - Free Practice 1
Follow live with all the action from Free... Read More »
5h ago from RacingNews365.com
Lewis Hamilton goes solo in eye-catching Canadian Grand...
Lewis Hamilton’s entrance at the Canadian Grand... Read More »
56m ago from GPFans.com
