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
MotoGP Portuguese GP: Alex Marquez shakes off Pedro...
No description available...
16h ago from Motorsport.com
Pedro Acosta: Portuguese GP sprint defeat step towards...
No description available...
14h ago from Motorsport.com
Alex Marquez secures MotoGP Sprint victory in Portimao
Alex Marquez fended off a late charge from Pedro Acosta to seal his...
17h ago from MotorsportWeek.c...
Marco Bezzecchi clinches secure Portimao MotoGP pole...
Marco Bezzecchi stormed to his fourth pole position of the season after a...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
2d ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
2d ago from MotorsportWeek.c...
Kyle Kirkwood signs multi-year IndyCar extension with...
Andretti Global has announced that Kyle Kirkwood has signed an extension...
5d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Japan: Sebastien Ogier beats Elfyn Evans to...
No description available...
1h ago from Motorsport.com
Sebastien Ogier masters the rain in Japan.
Rally Japan dawned wet on Sunday. Through it all sailed Sebastien Ogier...
1h ago from MotorsportWeek.c...
WRC Rally Japan: Adrien Fourmaux crash rips door from...
No description available...
6h ago from Motorsport.com
Sebastien Ogier and Elfyn Evans fight for Rally Japan...
Saturday was the longest day of the rally. Starting 10.2 seconds behind...
13h ago from MotorsportWeek.c...
Popular On GunnersToday.com
'We tried to find the details' - Sunderland boss Regis...
Sunderland manager Regis Le Bris revealed that his side used a secret...
1h ago from SportsKeeda.com
Man United and Arsenal target admits it 'would be a...
Karl Etta Eyong has been linked with the move to the Premier League in...
12h ago from CaughtOffside.com
Arteta frustrated and disappointed by Arsenal’s...
t;li>Manager feels ‘pain in tummy’ at end of clean sheet runRégis...
10h ago from TheGuardian.com
Report: Top European club planning to offer £132m for...
Real Madrid are interested in signing the Arsenal midfielder Declan Rice....
11h ago from CaughtOffside.com
Comments
Hottest News
F1 Brazilian Grand Prix starting grid with penalties applied
The starting grid for the 2025 Brazilian Grand... Read More »
1h ago from GPFans.com
Max Verstappen threatened by penalty as Red Bull consider...
Qualifying for the São Paulo Grand Prix was a... Read More »
37m ago from RacingNews365.com
‘Clear' that titles hopes over now – Verstappen
Nov.9 Max Verstappen and Oscar Piastri's... Read More »
27m ago from OneStopStrategy.com
