News Details

Sauber – Future in F1 unclear..

Sauber has revealed it is having significant financing problems that are putting the team under extreme stress, so much so that the employees of the team are still owed pay from February wages. “The financial situation for Sauber is tense,” stated a Swiss newspaper, Blick which is close to the team “but, at least, the outstanding February wages are now paid. “Sauber can breathe, but not breathe easy,” the report added. Sauber is currently preparing for the first race in Australia, but a cloud of uncertainty has cast doubt on the team's ability to even race let alone be in with a chance for the podium. The spokesperson for the team declined to comment saying he was not at liberty...
Full Story »
9y ago from F1.co.uk 0
Share

You May Also Be Interested In...

Sauber confirm unpaid wages for February

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

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 says it will deal with outstanding payments...

Sauber F1 boss Monisha Kaltenborn says the team will solve its outstanding...
9y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

FOX acquires 33% stake in Penske Entertainment, IndyCar

Fox Corporation, parent company of broadcast company FOX Sports, has...

Colton Herta: IndyCar at Laguna Seca is a...

IndyCar’s latest visit to Laguna Seca produced rave reviews from...

Popular On TotalWRC.com

Kalle Rovanperä leads five-driver Toyota lockout in...

Wet weather greeted the competitors on Saturday morning as the longest...

Popular On GunnersToday.com

'He could play tomorrow if the Premier League started'...

Journalist Graeme Bailey has claimed that Arsenal coaches and the Gunners'...
12h ago from SportsKeeda.com

Report: Tottenham intensify contacts to sign 90m-rated...

Tottenham Hotspur are hoping to sign Rodrygo Goes from Real Madrid during...
14h ago from CaughtOffside.com

Mikel Arteta has already been fine-tuning new tactics...

Arsenal manager Mikel Arteta has reportedly already begun adjusting his...
14h ago from CaughtOffside.com

The new Arsenal figure who's made a big impression on...

Arsenal's new coach Gabriel Heinze has reportedly made quite an impression...
15h ago from CaughtOffside.com

Comments

Hottest News

Hungarian Grand Prix - Qualifying results

Full results from qualifying for the Hungarian... Read More »
11h ago from F1i.com

Alonso reveals reason for Aston Martin qualifying surge in...

Aston Martin showcased a remarkable performance... Read More »
8h ago from F1i.com

F1: Hamilton hits rock bottom

'I am useless, absolutely useless,' says... Read More »
6h ago from Pitpass.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.