News Details
Sauber deny Russian deal on brink of collapse
The media is awash with reports that Sauber's Russian backing is on the brink of collapse, and therefore the team is faced with being sold or the threat of bankruptcy. The Swiss team has however denied the latest "rumour" and insists the deal is progressing as planned. According to German media, the Board of the National Institute of Aviation Technologies (NIAT) - one of the three businesses backing Sauber - has voted against the proposed investment in the Formula 1 team. The report continues to suggest that the loss of NIAT will result in the loss of around €400 million over several years. Sauber has however hit back, with a spokesperson telling Auto Motor und Sport that...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Sauber's Russian rescue package on the brink of...
It has now emerged that Sauber's supposed ‘Russian rescue deal' is...
12y ago from GrandPrix247.com
Sauber claim Russian bailout collapse reports not...
Leading figures involved with Sauber's high profile Russian rescue deal...
12y ago from GrandPrix247.com
Russian board rejection places Sauber in jeopardy
Reports today are that the Board of the National Institute of Aviation...
12y ago from Pitpass.com
Sauber boss admits delay in Russian rescue deal
August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian...
12y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez's crash tally halves in 2025 as Ducati...
No description available...
1h ago from Motorsport.com
VR46 Ducati retains Franco Morbidelli for 2026 MotoGP...
No description available...
3h ago from Motorsport.com
Franco Morbidelli renews with VR46 Racing Team for...
Franco Morbidelli has announced he will remain a satellite Ducati rider...
3h ago from MotorsportWeek.c...
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
19h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
1d ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
1d ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
22h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta’s Arsenal stuck in gear as Arne...
day’s match was defined by a brilliant free-kick, but the way it came...
1h ago from TheGuardian.com
Transfer deadline day: Premier League club-by-club...
No description available...
1h ago from TheGuardian.com
Szoboszlai’s rocket and Milner’s new milestone –...
;a href="https://bsky.app/profile/maxrushden.bsky.social">Max...
1h ago from TheGuardian.com
Transfer roundup: Arsenal sign Hincapié on loan while...
t;li>Gunners have £45m option to buy defender next summerFulham...
1h ago from TheGuardian.com
Comments
Hottest News
Staggering Newey admission emerges over Verstappen to Aston...
Adrian Newey has discussed Max Verstappen’s... Read More »
1h ago from GPFans.com
Verstappen issues perfect response to Hadjar Red Bull...
Max Verstappen delivered the perfect response to... Read More »
3h ago from GPFans.com
Verstappen hints at Ferrari or F1 exit for 2027
Sep.2 Questions are still swirling about Max... Read More »
3h ago from OneStopStrategy.com
