News Details

Sauber boss admits delay in rescue deal

Monisha Kaltenborn has admitted Sauber's Russian rescue deal is facing delays. Despite reports of an enormous investment in the struggling Swiss team by Russian government-linked entities, we reported recently that the money is yet to start flowing. Sauber's financial crisis, therefore, may not yet be over, with the German newspaper Welt reporting that Ferrari's ultimatum of a EUR 9 million engine supply bill being paid by the end of the August break is still in effect. It is suggested the entire Sauber deal has to be signed off by none other than Russian president Vladimir Putin, and as yet he not done so. Team boss Kaltenborn has admitted a delay. Welt quoted her as saying it is only...
Full Story »
12y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Sauber boss admits delay in Russian financial rescue...

Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
12y ago from GrandPrix247.com

Sauber was never close to bankruptcy claims Kaltenborn

Team principal Monisha Kaltenborn has denied Sauber was ever close to...
12y ago from GrandPrix247.com

Sauber were confident of survival

Sauber team principal Monisha Kaltenborn has played down claims that they...
12y ago from PlanetF1.com

Sauber cagey on Russian deal

Monisha Kaltenborn has re-iterated Sauber's intention to hand Sergey...
12y ago from SkySports.com

Elsewhere On The Network

Popular On MGPToday.com

Miguel Oliveira reveals what’s ‘more difficult’...

Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...

CFMoto ‘fully committed’ to supporting potential...

CFMoto Aspar team boss Jorge Martinez says the Chinese manufacturer is...

Popular On IndyCarToday.com

Dual-tone Chevy ZR1X pace car revealed for...

The NTT IndyCar Series has revealed the Chevrolet pace car for the...
22h ago from MotorsportWeek.c...

Rookie Caio Collet fastest in two-day Indy 500 open...

The NTT IndyCar Series held its traditional two-day open test for the...

Popular On TotalWRC.com

Popular On GunnersToday.com

£43m forward offered to Man United, but Arsenal and...

Rafael Leao is likely to be on his way out of AC Milan at the end of the...
35m ago from CaughtOffside.com

Champions League review: a stone-cold classic,...

first leg of the semi-finals produced a nine-goal thriller and a tense...
1h ago from TheGuardian.com

'Focus and hunger' | Arteta sets out Arsenal mentality...

Arsenal manager Mikel Arteta says his players have a hunger to win as they...
1h ago from SkySports.com

Premier League club who could hurt Man City’s title...

Everton are reportedly exploring a move for Arsenal defender Ben White as...
3h 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.