News Details

More creditors pressure Sauber with legal action

More creditors pressure Sauber with legal action 5 September, 2013 Tough times for Sauber Long after news of the Swiss team's so called ‘Russian rescue deal', Sauber is still struggling financially. That is the claim of the Swiss business newspaper Handelszeitung, reporting that even after Russian money apparently began to flow, unpaid team creditors continue to file formal prosecutions against Sauber. The report said that, since July, almost 20 new creditors – demanding another almost 250,000 Swiss francs – have been added to Sauber's official debt register. 'We have said that we are in a challenging situation,' a team spokesman is quoted by 20min.ch.
Full Story »
11y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Sauber and Frijns part company for 2014

Sauber reserve driver Robin Frijns will not be retained by the Swiss team...
11y ago from RichlandF1.com

Sauber teenager Sirotkin to attend Monza race

Sauber teenager Sirotkin to attend Monza race 4 September, 2013 Sergey...
11y ago from GrandPrix247.com

Sirotkin to attend Monza race with Sauber

By Editor on Wednesday, September 4, 2013 Sauber will have a fourth...
11y ago from F1Zone.net

Sauber and Robin Frijns set to part company

Sauber is set to part company with reserve driver Robin Frijns after the...
11y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

MotoGP unveils new brand identity at Barcelona season...

MotoGP has unveiled its new logos as the championship updates its brand...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Penske purchases Grand Prix Association of Long Beach

Penske Entertainment announced Thursday that it has acquired the Grand...

AJ Foyt technical director Michael Cannon leaves team

Michael Cannon, AJ Foyt Racing’s revered engineer and technical...

Popular On TotalWRC.com

Popular On GunnersToday.com

Man who signed Mbappe and other world-beaters...

Arsenal are continuing their search for a new sporting director and Luis...
45m 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.