News Details
Sauber presence in Melbourne not in doubt despite late staff payments
XPB Images
Sauber CEO Monisha Kaltenborn acknowledged that the Swiss outfit had not yet paid in full the February wages of its staff. Cash-flow difficulties which emerged for the Hinwill-based outfit last year had led it to ask F1 boss Bernie Ecclestone for an advance on championship payments in November. Still, the team's financial woes lingered forcing a slight manufacturing delay of its 2016 challenger, Sauber introducing its C35 during the second week of pre-season testing in Barcelona. "Some of the February salaries are still outstanding," CEO Kaltenborn told Blick media. "I deeply regret that. “It’s tense. Right now, it’s the most cost-intensive time...
Full Story »
Full Story »
You May Also Be Interested In...
Sauber F1 future is “extremely uncertain”
Sauber will race in Melbourne next weekend, notwithstanding the financial...
9y ago from ThisIsF1.com
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
Sauber staff not paid in full
Sauber have confirmed to Sky Sports that the team haven't paid their staff...
9y ago from SkySports.com
Sauber confident of resolving cash flow problem
Sauber confident its financial plight will be resolved Sauber boss...
9y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Who is Albert Valera? The agent at the center of the...
No description available...
19h ago from Motorsport.com
Johann Zarco reveals when he ‘began to believe'...
Johann Zarco reveals he “began to believe” he could win his home...
2d ago from MotorsportWeek.c...
Jorge Martin pushing for early Aprilia exit;...
No description available...
1w ago from Motorsport.com
Toprak Razgatlioglu secures Most WorldSBK Race 1...
Toprak Razgatlioglu was a cut above the rest by securing victory in Race...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar president says qualifying scandal is...
No description available...
10h ago from Motorsport.com
Alex Palou fastest in busy Monday Indy 500 practice
Following an eventful qualifying weekend, the 33 qualified drivers...
11h ago from MotorsportWeek.c...
Penske penalized, Will Power and Josef Newgarden to...
No description available...
15h ago from Motorsport.com
Alex Palou leads tense Indy 500 drafting practice,...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
21h ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
1d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1d ago from Motorsport.com
Rally Portugal: Sebastien Ogier leads WRC field as Ott...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Revealed: Chelsea in talks with club officials over...
Chelsea are understood to have opened talks with Ajax officials over a...
12m ago from CaughtOffside.com
Arsenal and Liverpool £70 million targets 'tells...
Joao Pedro has reportedly told his friends that he wants to join Chelsea...
5h ago from SportsKeeda.com
'He said he would never go' - When Patrice Evra named...
Patrice Evra revealed in 2024 that Cristiano Ronaldo decided he would...
6h ago from SportsKeeda.com
Which managers have taken charge of most Premier...
Sports Mole takes a look at the top 20 managers who have taken charge of...
11h ago from SportsMole.co.uk
Comments
Hottest News
2025 F1 Monaco GP Schedule and Timetable
We continue the triple-header with the iconic... Read More »
51m ago from RacingNews365.com
Sky Sports F1 star announces pregnancy in exciting statement
A popular star from Sky Sports F1 coverage has... Read More »
11h ago from GPFans.com
Mercedes eager to figure out why W16 falters in hot races...
Despite a promising showing in qualifying at the... Read More »
42m ago from F1Technical.net
