News Details

'Contract in place' say Sauber

Sauber have moved swiftly to deny reports that backing from Russian partners which they announced last month is under threat.In a statement released on Wednesday, the Swiss team insisted that their contract was in place and that initial payments had also been made. It came in response to a report in Germany's Bild which suggested that the board of one of Sauber's three new backers, the National Institute of Aviation Technologies, had voted against the deal. Although the report claimed that NIAT's board had blocked finance to the team, Sauber said they had only ever agreed a technical co-operation. They added, however, that payments had arrived from elsewhere. Besides NIAT, Sauber are also...
Full Story »
11y ago from SkySports.com 0
Share

You May Also Be Interested In...

Sauber denies cracks in Russian rescue

Sauber has moved to deny recent rumours suggesting that its agreement...
11y ago from Crash.net

Sauber deny Russian deal on brink of collapse

The media is awash with reports that Sauber's Russian backing is on the...
11y ago from TheF1Times.com

F1 2013 – Sauber – Russian rescue deal falls...

Just under a month ago Sauber announced a rescue deal which would see the...
11y ago from F1.co.uk

Sauber denies Russian deal has collapsed

Sauber has rubbished reports that its new deal with Russian partners has...
11y ago from espnF1.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...

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

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

Popular On IndyCarToday.com

Feature: Evaluating IndyCar’s hybrid power system...

The NTT IndyCar Series introduced its long-developed hybrid system in the...

RLL having to ‘unwind’ and ‘backtrack’...

Rahal Letterman Lanigan Racing is making a concerted effort to move...

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

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

Journalist feels Arsenal are 'going to lose' player...

Arsenal attacker Ethan Nwaneri could be on his way out of the club during...
51m ago from CaughtOffside.com

Romano confirms 'contacts are taking place' for...

Arsenal are hoping to sign Noni Madueke from Chelsea during the summer...
31m ago from CaughtOffside.com

Real Madrid youngster holds talks with Real Madrid to...

Endrick has held talks with Real Madrid amid uncertainties surrounding his...
3h ago from SportsKeeda.com

Ex-Arsenal star Thomas Partey charged with 5 counts of...

Former Arsenal midfielder Thomas Partey has been charged with five counts...
1h 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.