News Details

Sauber crisis deepens as staff payments late again

Sauber has fallen behind once again with its full salary payments to its 300 staff in Switzerland. Boss Monisha Kaltenborn was not in Bahrain last weekend, amid reported talks with potential buyers and rumours cashflow problems could shortly end the struggling Hinwil based team's 23-year F1 adventure. Now, a month after similar reports about the February payments to staff, Neue Zurcher Zeitung newspaper claims Sauber has once again fallen behind for March. Team spokesman Robert Hopoltseder confirmed: 'The worries of the last few weeks are not off the table. We currently live from hand-to-mouth.' Related News Van der Garde: Sauber’s financial decision-making is bizarre Jordan advises...
Full Story »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Sauber may make China but struggle continues

Amid Sauber's obvious financial problems early in 2016, new media reports...
9y ago from GrandPrix247.com

Kaltenborn is in crucial talks over Sauber F1’s...

Amid Sauber's obvious financial problems early in 2016, new media reports...
9y ago from ThisIsF1.com

Sauber may not make it to the Chinese Grand Prix

In the early rounds of the 2016 Formula 1 world championship season, it...
9y ago from GrandPrix247.com

FBC Staff Picks: Bahrain GP

F1 News Rosberg leads FP2 in Bahrain evening Rosberg fastest in Bahrain...
9y ago from Formula1Blog.com

Elsewhere On The Network

Popular On MGPToday.com

Alex Marquez reveals how he ‘suffered’ to second...

Alex Marquez admits he “suffered” with his Michelin tyres on course...

Popular On IndyCarToday.com

McLaren’s lawsuit against IndyCar champ Alex Palou...

The lengthy court battle between McLaren and Alex Palou is nearing a...

Caio Collet advances up to IndyCar with AJ Foyt Racing

AJ Foyt Racing has announced that Caio Collet will drive for the team in...

Kyle Kirkwood signs multi-year IndyCar extension with...

Andretti Global has announced that Kyle Kirkwood has signed an extension...

Popular On TotalWRC.com

Oliver Solberg lands factory Toyota Rally1 drive

We called it after Oliver Solberg clinched his WRC2 title in Chile....

Popular On GunnersToday.com

Liverpool planning January move for 24-year-old...

Liverpool, Arsenal and Manchester United are reportedly interested in...
1h ago from CaughtOffside.com

Paul Scholes has made Man City favourites over Arsenal...

Manchester United legend Paul Scholes believes Manchester City remain the...
3h ago from CaughtOffside.com

Arsenal and Crystal Palace games moved by Premier...

t;li>Clubs face each other in cup quarter-final on 23 DecemberTheir...
5h ago from TheGuardian.com

“You have to put them slightly ahead” - Paul...

Manchester United legend Paul Scholes reckons Manchester City could win...
4h 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.