News Details

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud, as it emerges that staff salaries for February were due at time of this report A year ago, it was the Giedo van der Garde saga that almost derailed the struggling Swiss team, but now Blick reports that Sauber has fallen behind in its wage payments to its more than 300 staff at the Hinwil factory. 'Yes, it is true,' boss and co-owner Monisha Kaltenborn confirmed. 'Part of the February salaries are still due, which I really regret.' Kaltenborn continued: 'Right now is the most cost-intensive period (of the season). And there have been technical problems with the transfer of a big sponsorship amount from abroad.' She...
Full Story »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Sauber: Yes, it is true,’We’re in trouble’

Sauber F1 boss and co-owner Monisha Kaltenboth Sauber is entering yet...
9y ago from ThisIsF1.com

Barcelona Test 2 Day 4: Live team reports

Barcelona Test 2, Day 4 Tweets from...
9y ago from GrandPrix247.com

Barcelona Test 2 Day 3: Live team reports

Barcelona Test 2, Day 2 report here>>> Tweets from...
9y ago from GrandPrix247.com

Barcelona Test 2 Day 1: Live team reports

Barcelona Test Drivers' Schedule Team Tuesday Wednesday Thursday Friday...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

‘Super talented’ MotoGP rookie Diogo Moreira...

Pedro Acosta believes “super talented” rookie Diogo Moreira has the...
19h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Popular On TotalWRC.com

Popular On GunnersToday.com

Mertesacker to depart at the end of the season + FA...

Morning. The draw for the 4th round of the FA Cup took place last night,...
3h ago from Arseblog.com

Carabao Cup semis live on Sky: Newcastle face new test...

The Carabao Cup returns to Sky Sports this week for the first legs of the...
20h ago from SkySports.com

FA Cup fourth round draw – live

️ Draw for the last 32 to begin at 6.35pm GMT at Anfield<br>⚽️...
16h ago from TheGuardian.com

Race for Guehi wide open with Man City, Liverpool and...

The race to sign Marc Guehi is wide open and there is not a favourite or a...
15h ago from SkySports.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.