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 »
8y ago from GrandPrix247.com 0
Share

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...
8y ago from GrandPrix247.com

Sauber F1 pays staff amid ‘solution’ to issues

Sauber F1 pays staff amid ‘solution' to issues Some better news is...
8y ago from ThisIsF1.com

IndyCar — Gossage Knows Promotion

F1 News F1 is high-pressure; so are Pirelli tires…'unbelievably...
8y ago from Formula1Blog.com

Wolff agrees with performance-based prize money

Earlier this week, Bernie Ecclestone revealed that once the current...
8y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

World Champion Jorge Martin set for MotoGP return at...

Reigning World Champion Jorge Martin is set to return to MotoGP action at...

Toprak Razgatlioglu laughs off Honda MotoGP 2026...

Reigning WorldSBK champion Toprak Razgatlioglu laughed off rumours...

Popular On IndyCarToday.com

Renovated IMS museum reopens with all-new displays

The Indianapolis Motor Speedway Museum reopened on Wednesday following a...

New livery revealed for Kyle Larson's Indy 500 / Coke...

Kyle Larson will be attempting to compete in IndyCar’s Indianapolis 500...

Popular On TotalWRC.com

Elfyn Evans bags the big game on Safari

Elfyn Evans and Scott Martin claimed their maiden Safari Rally Kenya...

Popular On GunnersToday.com

“Horrible to watch”, “Worst game of the...

Arsenal fans have voiced their displeasure on X after Declan Rice...
24m ago from SportsKeeda.com

Everton 1-1 Arsenal: Premier League – as it happened

enal lost further ground in the Premier League title race after dropping...
1h ago from TheGuardian.com

'An idiot I need to remove from myFPL', 'Absolutely...

A cross-section of Arsenal fans online have called out David Raya for his...
24m ago from SportsKeeda.com

Ndiaye on the spot as Everton put further dent in slim...

erpool do not require favours to secure the Premier League title but their...
1h ago from TheGuardian.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.