News Details

Kaltenborn could exit as Russians arrive

Monisha Kaltenborn could be the big loser of Sauber's Russian rescue deal. Sonntagszeitung newspaper reports that the ailing Swiss team's new partners, all linked to the Russian Federation, are planning to inject a staggering $500 million into Hinwil. According to Schweiz am Sonntag newspaper, that will pay off the team's crippling $110 million debts and lay the foundation for a sound future, with Russian teen Sergey Sirotkin scheduled to be at the wheel in 2014. But Blick newspaper reports that Sauber's new Russian money will not start flowing until at least the end of August. And the Swiss report said Sauber's current ownership structure will not be changed in the short term, and nor will...
Full Story »
11y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Kaltenborn may face axe as Russian era arrives at...

Monisha Kaltenborn could be the big loser when the chips are down after...
11y ago from GrandPrix247.com

Sauber rescue deal worth $170 million

Sauber boss Monisha Kaltenborn has clarified reports suggesting the Swiss...
11y ago from GrandPrix.com

Sauber rescue package reportedly worth $170 million

Sauber rescue package reportedly worth $170 million 16 July, 2013 Peter...
11y ago from GrandPrix247.com

Skepticism about Sauber's Russian deal

The extent of Sauber's Russian rescue deal, and the emergence of future...
11y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Honda confirms Jorge Martin ‘an option’ for 2026...

Honda Team Manager Alberto Puig has reiterated its interest in signing...

Liberty Media completes 4.3 billion takeover of...

Two weeks on from receiving unanimous EU approval, Liberty Media...

Gresini reveals extent of Alex Marquez's injuries...

Gresini Racing team manager Michele Masini revealed the extent of Alex...

Popular On IndyCarToday.com

Alex Palou flies to the front in second IndyCar...

On Saturday morning, IndyCar headed back out on track to complete their...

Upcoming IndyCar races at Iowa predicted to be...

After IndyCar completes the event at Mid-Ohio this weekend, the paddock...

Kyle Kirkwood runs to the top in opening IndyCar...

The NTT IndyCar Series returned to action on Friday, completing a...
21h ago from MotorsportWeek.c...

Christian Rasmussen handed six-place IndyCar grid...

IndyCar officials have handed Christian Rasmussen a six-place grid...

Popular On TotalWRC.com

Oliver Solberg goes Rally1 – Sebastien Ogier enters...

After dominant victories in WRC2 in Rally Sweden, Portugal and most...

Popular On GunnersToday.com

Arsenal reach agreement on personal terms with 15 G/A...

Arsenal are looking to sign at least two attacking players this summer,...
48m ago from CaughtOffside.com

Reliable source: 90m forwards ‘absolute...

The rumour mill is in full swing today, despite it being a Saturday...
3h ago from FreshArsenal.com

Chelsea expecting Arsenal bid for Madueke

Chelsea are expecting an offer from Arsenal for Noni Madueke.
1h ago from SkySports.com

Personal terms agreed for Arsenal to sign Premier...

Arsenal have still only officially announced one signing this summer, but...
3h 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.