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
Everything we know about Goiania Circuit –...
No description available...
12h ago from Motorsport.com
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
20h ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
1d ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
1d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
1d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
1d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
17h ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
2d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Premier League officials appear to confirm Arsenal...
Premier League officials have admitted that Arsenal benefited from two key...
7h ago from SportsKeeda.com
Arsenal plot £69m move for 10-goal ace to replace...
Arsenal are interested in signing the AC Milan attacker Raphael Leao at...
9h ago from CaughtOffside.com
Mikel Arteta targets 50m+ La Liga star to supercharge...
Mikel Arteta's Arsenal are keen on acquiring the services of Real Madrid...
10h ago from CaughtOffside.com
Arsenal, Chelsea, and Newcastle eye 70m move for...
Newcastle United, Arsenal, and Chelsea are all keeping tabs on Christian...
10h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen receives stern F1 warning: 'You are not...
Has Max Verstappen gone too far with his... Read More »
42m ago from RacingNews365.com
F1 News Today: Max Verstappen furious as George Russell...
Team radio from last weekend's Chinese Grand Prix... Read More »
22m ago from GPFans.com
George Russell linked with $300m move away from Mercedes to...
An astonishing transfer claim has been made about... Read More »
21h ago from GPFans.com
