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

Popular On IndyCarToday.com

Will Power leads Team Penske to IndyCar pole at Gateway

World Wide Technology Raceway was the site of qualifying on Saturday...
15h ago from MotorsportWeek.c...

IndyCar Gateway – Qualifying Results

The first short oval race of the season is on tap this weekend, and a...
14h ago from MotorsportWeek.c...

Newgarden tops rain-affected IndyCar practice from...

IndyCar finally was able to complete its first practice session of the...
19h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

'If you put him in the Arsenal side, he gets over 20...

British pundit Darren Ambrose has claimed that Nottingham Forest striker...
1h ago from SportsKeeda.com

Barcelona Transfer News Roundup: Catalans face Nico...

Barcelona are preparing to upgrade their squad ahead of the 2025/26...
2h ago from SportsKeeda.com

Manchester United launch surprise move to sign former...

Manchester United have launched a move to sign former Arsenal goalkeeper...
2h ago from SportsKeeda.com

Real Madrid opt out of race to sign Barcelona and...

Real Madrid have abandoned their pursuit of Barcelona target Nico...
3h ago from SportsKeeda.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.