News Details
Sauber saved by rescue plan set up by international investors
Sauber is reportedly on the cusp of being sold amid a troubled Formula 1 campaign for the financially struggling Swiss team. Recently we reported that the 300 staff at Hinwil have now been paid for May and June, with everyone's wages now up-to-date. 'We are in the process of a comprehensive solution,' confirmed team boss and co-owner Monisha Kaltenborn, speaking to Blick newspaper. It is believed that, earlier this week, Sauber staff were told at the team's Swiss base that their newly-paid salaries are part of a rescue plan for the team. Auto Motor und Sport claims the plan comes in the form of an international group of investors who will buy a majority stake in Sauber, writing off debts...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Sauber up to date with wages as solution found
Some better news is finally emerging from the Sauber camp, amid a...
9y ago from GrandPrix247.com
Sauber F1 pays staff amid ‘solution’ to issues
Sauber F1 pays staff amid ‘solution' to issues Some better news is...
9y ago from ThisIsF1.com
IndyCar — Gossage Knows Promotion
F1 News F1 is high-pressure; so are Pirelli tires…'unbelievably...
9y ago from Formula1Blog.com
Wolff agrees with performance-based prize money
Earlier this week, Bernie Ecclestone revealed that once the current...
9y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco held “open discussions” with Honda...
No description available...
49m ago from Motorsport.com
Fabio Quartararo: Yamaha hasn’t made any “big...
No description available...
3h ago from Motorsport.com
MotoGP takes another step toward F1 to eliminate team...
No description available...
1d ago from Motorsport.com
The hidden backroom crew that helped Ducati Lenovo...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Lochie Hughes secures IndyCar reserve role with...
Andretti Global has announced a continued partnership with Lochie Hughes...
2d ago from MotorsportWeek.c...
IMSA’s AO Racing considering expansion, possibly...
AO Racing, one of the more popular teams racing in IMSA currently, is...
5d ago from MotorsportWeek.c...
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
1w ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera to leave WRC for Super Formula in 2026
No description available...
8h ago from Motorsport.com
Kalle Rovanpera quits rallying
Toyota Gazoo Racing World Rally Team driver Kalle Rovanperä has...
8h ago from MotorsportWeek.c...
‘Aiming for the highest level possible’ - Why...
No description available...
8h ago from Motorsport.com
Thierry Neuville insists 2025 WRC Hyundai has “more...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'It's quite funny' - Michael Owen makes feelings clear...
Former Liverpool and England hero Michael Owen has offered his opinion on...
4h ago from SportsKeeda.com
Episode 848 – Oh dear, we're quite good
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
3h ago from Arseblog.com
Viktor-y Through Harmony
Viktor Gyokeres was bought to address some very simple issues for Arsenal....
4h ago from Arseblog.com
Jamie Carragher explains what Liverpool and Manchester...
Premier League legend Jamie Carragher believes Liverpool and Manchester...
3h ago from SportsKeeda.com
Comments
Hottest News
Signs are Hadjar to replace Tsunoda at Red Bull in 2026
Johnny Herbert believes Yuki Tsunoda’s Red Bull... Read More »
59m ago from GrandPrix247.com
F1 star blasts fierce Lewis Hamilton rival with BRUTAL...
F1 star Isack Hadjar delivered a brutal swipe at... Read More »
4h ago from GPFans.com
Ex-Ferrari F1 technical chief details difference at Aston...
Aston Martin's Chief Technical Officer Enrico... Read More »
1h ago from MotorsportWeek.com
