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 »
Full Story »
9y ago from GrandPrix247.com
0
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
LCR boss reveals Honda is ‘more determined than...
LCR team owner Lucio Cecchinello has revealed that Honda is "more...
11h ago from MotorsportWeek.c...
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
6d ago from MotorsportWeek.c...
Yamaha officially begins testing of V4 MotoGP engine
Yamaha technical director Max Bartolini has confirmed the MotoGP factory...
2d ago from MotorsportWeek.c...
Injured MotoGP champion Jorge Martin released from...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren unveils new themed liveries for Indy 500
Arrow McLaren has unveiled a trio of special liveries for the upcoming...
1d ago from MotorsportWeek.c...
Arrow McLaren steps outside of the all-Papaya livery...
No description available...
1d ago from Motorsport.com
IndyCar sees 50% viewership drop on FOX after going...
No description available...
1w ago from Motorsport.com
IndyCar outlines replacement driver rules for Indy 500
The NTT IndyCar Series has released updated guidelines that will be...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA swearing standoff cools as stage-end interviews...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
Arteta will not rest players against Palace despite...
t;li>‘When players are fit and available, they have to...
3h ago from TheGuardian.com
Bukayo Saka injury scare triggers Jack Wilshere...
Arsenal expert Charles Watts admits that he is concerned about potential...
5h ago from SportsMole.co.uk
Crystal Palace injury news: Oliver Glasner issues Ben...
Crystal Palace boss Oliver Glasner confirms why Ben Chilwell will miss...
7h ago from SportsMole.co.uk
Arsenal midfielder may have played last game for...
Arsenal head coach Mikel Arteta provides the latest on Bukayo Saka,...
7h ago from SportsMole.co.uk
Comments
Hottest News
Lewis Hamilton business closes down as 'dozens lose jobs'
One of Lewis Hamilton's businesses is set to... Read More »
7h ago from GPFans.com
How did Honda and Newey influence Alonso's decision to stay...
Two-time F1 champion Fernando Alonso insists that... Read More »
27m ago from F1Technical.net
Verstappen Red Bull future could take big twist as McLaren...
Red Bull boss Christian Horner has reportedly... Read More »
3h ago from GPFans.com