News Details

Sauber confirm unpaid wages for February

Reports in Switzerland suggest that Sauber have confirmed that they haven't fully-paid their staff for the month of February. Earlier today, reports emerged from Swiss publication Blick that the Sauber employees have only received part of their salary for February, with money issues starting to become apparent for the team just a couple of weeks before the start of the new Formula One season. The reason given is a delay in payment from abroad sponsors, with Sauber team principal, Monisha Kaltenborn reportedly saying; 'Part of the February salaries is pending. I regret that immensely. 'We are currently at the most expensive time of the year. And with the transfer of a large amount...
Full Story »
9y ago from FormulaSpy.com 0
Share

You May Also Be Interested In...

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
9y ago from F1Hub.net

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
9y ago from GrandPrix247.com

Sauber admits delay to portion of staff wages

Sauber CEO Monisha Kaltenborn had admitted a 'technical problems' with...
9y ago from Crash.net

2016 Sauber F1 may not be 100% in Australian GP –...

Felipe Nasr admits Sauber's newly-launched car may not be 100 per cent...
9y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

KTM compares Pedro Acosta's MotoGP approach to...

KTM Motorsport Director Pit Beirer compared Pedro Acosta's approach to...

Three Ducati riders rode with ‘updated’ 2025...

A spokesperson for Ducati has revealed three of its riders raced at the...

How Marc Marquez and Valentino Rossi share similar...

TNT Sports pundit Neil Hodgson says Marc Marquez can “manipulate”...

Popular On IndyCarToday.com

Takuma Sato to contest 16th Indy 500 with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will...

FOX working to bring Kentucky Derby-style betting to...

This past weekend FOX produced its first IndyCar broadcast of a new...

Ticket design for 109th Indianapolis 500 revealed

Indianapolis Motor Speedway has pulled back the curtain on the ticket...

IndyCar’s FOX network debut increased viewership by...

FOX Sports has released viewership numbers for the opening round of the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal transfer news: William Saliba comments on...

Arsenal defender William Saliba breaks his silence on contract talks with...
1h ago from SportsMole.co.uk

Comments

Hottest News

Alpine F1 team announce driver lineup change

Alpine have announced a new role for one of their... Read More »
5h ago from GPFans.com

Cadillac confirm new Ferrari driver as F1 seat option

There is much intrigue surrounding who Cadillac... Read More »
2h ago from RacingNews365.com

Tech Analysis | Will Red Bull be able to make the updated...

During the three days of testing in Bahrain, Red... Read More »
1h ago from GPBlog.com

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.