News Details

Sauber confident of resolving cash flow problem

Sauber confident its financial plight will be resolved Sauber boss Monisha Kaltenborn is confident the team will resolve its cash flow issues which has seen staff awaiting payments for February. The Swiss outfit has confirmed that some of its team members are yet to be paid for last month as it prepares for the opening round of the season in Melbourne next week. According to Kaltenborn the team is still awaiting payment from a new title sponsor, which has compounded the squad's financial plight. The midfield operation grabbed headlines in the lead up to last year’s Australian Grand Prix when it was involved in a legal wrangle with driver Giedo van der Garde. It has been reported that...
Full Story »
9y ago from SpeedCafe.com 0
Share

You May Also Be Interested In...

Sauber admits delay to portion of staff wages

Sauber CEO Monisha Kaltenborn had admitted a 'technical problems' with...
9y ago from Crash.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 late with February staff payments

– Sauber staff have not been paid in full for the month of February...
9y ago from GPUpdate.net

Sauber confirm unpaid wages for February

Reports in Switzerland suggest that Sauber have confirmed that they...
9y ago from FormulaSpy.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta admits fourth at Aragon MotoGP ‘not...

Despite matching his best result of the 2025 MotoGP season, Pedro Acosta...

Maverick Vinales tops the timesheets at Aragon MotoGP...

Tech3 KTM rider Maverick Vinales topped the timesheets after breaking the...
15h ago from MotorsportWeek.c...

Francesco Bagnaia: Aragon MotoGP podium result feels...

A third-place finish for Francesco Bagnaia "felt like a...
21h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Louis Foster reveals likely cause of scary 180MPH...

On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...

Detroit GP expected to remain downtown amid potential...

Following the conclusion of the Detroit Grand Prix, organizers have...

Popular On TotalWRC.com

Redemption for Ogier

One year on from losing victory on the final stage of Rally Italia...

Popular On GunnersToday.com

Arsenal enter race to sign £70 million-rated PL star...

Arsenal have reportedly inquired about signing Chelsea target Alejandro...
1h ago from SportsKeeda.com

Martin Zubimendi makes Arsenal decision amid Real...

Real Sociedad star Martin Zubimendi has reportedly decided to join Arsenal...
1h ago from SportsKeeda.com

'Done & signed' – David Ornstein calms...

Arsenal's transfer move for Martin Zubimendi is done and signed, according...
3h 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.