News Details

F1 2013 – Sauber – Russian rescue deal falls apart?

Just under a month ago Sauber announced a rescue deal which would see the Swiss based team receive a much needed financial injection from Russian bankers, but recent reports are suggesting the deal is far from done.Reports from bild newspaper are suggesting that National Aviation Institute of Aviation Technologies, the company set to save Sauber, has had its board of director’s vote against the rescue package.The 400million euro investment would see Sauber pay off creditors including Ferrari [engines], Pirelli, Nico Hulkenberg, Esteban Gutierrez and former Sauber driver Kamui Kobayashi, who are all reportedly owed money by Sauber.Failing to secure a deal could see sauber out of the second...
Full Story »
12y ago from F1.co.uk 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 boss admits delay in Russian rescue deal

August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian...
12y ago from F1Plus.com

Russian entity votes down Sauber rescue

By Editor on Tuesday, August 13, 2013 After all the ‘Russian rescue...
12y ago from F1Zone.net

Pirelli waiting for Sauber tyre bill

By Editor on Monday, August 12, 2013 Reports of a continuing financial...
12y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar officiating board helps shape Push to Pass...

IndyCar’s new Independent Officiating Board has made one of its first...
14h ago from MotorsportWeek.c...

IndyCar expands Push to Pass availability

The NTT IndyCar Series has announced a change to the series’ Push to...
15h ago from MotorsportWeek.c...

Motorsport legend Alex Zanardi dies aged 59

Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...

Popular On TotalWRC.com

Popular On GunnersToday.com

Video: Arsenal chief has to be held back during...

Arsenal sporting director Andrea Berta could be seen having a major...
23m ago from CaughtOffside.com

Wayne Rooney and Arsene Wenger disagree over Arsenal...

Wayne Rooney and former Arsenal boss Arsene Wenger disagreed on the...
23m ago from SportsKeeda.com

Saka gets big reaction from Henry & Richards as...

Arsenal star Bukayo Saka got a big reaction from the pundits in the CBS...
13m ago from CaughtOffside.com

Player ratings: Arsenal 1-0 Atletico Madrid

Arsenal reached the Champions League final for the first time in 20 years...
6h ago from FreshArsenal.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.