News Details

'Contract in place' say Sauber

Sauber have moved swiftly to deny reports that backing from Russian partners which they announced last month is under threat.In a statement released on Wednesday, the Swiss team insisted that their contract was in place and that initial payments had also been made. It came in response to a report in Germany's Bild which suggested that the board of one of Sauber's three new backers, the National Institute of Aviation Technologies, had voted against the deal. Although the report claimed that NIAT's board had blocked finance to the team, Sauber said they had only ever agreed a technical co-operation. They added, however, that payments had arrived from elsewhere. Besides NIAT, Sauber are also...
Full Story »
11y ago from SkySports.com 0
Share

You May Also Be Interested In...

Sauber denies cracks in Russian rescue

Sauber has moved to deny recent rumours suggesting that its agreement...
11y ago from Crash.net

Sauber deny Russian deal on brink of collapse

The media is awash with reports that Sauber's Russian backing is on the...
11y ago from TheF1Times.com

F1 2013 – Sauber – Russian rescue deal falls...

Just under a month ago Sauber announced a rescue deal which would see the...
11y ago from F1.co.uk

Sauber denies Russian deal has collapsed

Sauber has rubbished reports that its new deal with Russian partners has...
11y ago from espnF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Rasmussen passes most cars in Sunday night’s IndyCar...

Christian Rasmussen put on a show for fans Sunday night, passing more...

IndyCar Gateway – Race Results

The NTT IndyCar Series made a trip to the St. Louis area for the first...
10h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

‘Top player' believes Mikel Arteta will move for...

Arsenal have been linked with a move for the Sporting CP striker Viktor...
2h ago from CaughtOffside.com

Arsenal offer 9m in wages to beat competition for...

Arsenal are interested in signing the Athletic Club Bilbao attacker Nico...
2h ago from CaughtOffside.com

'That’s going to play a part': Arsenal want...

Crystal Palace defender Marc Guehi has been linked with a move away from...
4h ago from CaughtOffside.com

Update: Latest info on 75m striker as more clubs rival...

The Viktor Gyokeres transfer saga continues to prove a complicated one,...
4h ago from CaughtOffside.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.