News Details

Sauber admits delay to portion of staff wages

Sauber CEO Monisha Kaltenborn had admitted a 'technical problems' with the arrival of sponsorship has prompted a delay in payment to a portion of its staff. The Swiss team has endured a tough start to the 2016 F1 season after having to wait until the second pre-season test to give its C35 its track debut, though it insists it is ready for the Australian Grand Prix. However, a report in the Swiss Blick newspaper revealed a problem receiving sponsorship payments from drivers Marcus Ericsson and Felipe Nasr have had a knock-on effect with the team staff. However, Kaltenborn insists it is an unfortunate eventuality rather than a sign of something worse to come. "Yes it's right. Part of...
Full Story »
10y ago from Crash.net 0
Share

You May Also Be Interested In...

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
10y ago from GrandPrix247.com

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
10y ago from F1Hub.net

Sauber target Formula 1 midfield

As Sauber introduced their C35 to the world, Monisha Kaltenborn spoke of...
10y ago from PlanetF1.com

Sauber unveils C35-Ferrari online

Sauber F1 Team Sauber has become the final team to unveil its 2016...
10y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Guenther Steiner: MotoGP riders ‘need to be of a...

Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...

Popular On IndyCarToday.com

Andretti confirmed to field just three cars for Indy...

Andretti Global has confirmed that the team will only run three cars in...

Toby Sowery joins AJ Foyt Racing in IndyCar reserve...

AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...

Popular On TotalWRC.com

Thierry Neuville crashes out of Croatia lead in final...

A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...

Popular On GunnersToday.com

Arsenal could terminate Mikel Arteta’s contract and...

Arsenal manager Mikel Arteta and his players have come under intense...
2h ago from SportsKeeda.com

'I've already felt what it's like to win there' -...

Arsenal forward Gabriel Jesus has left the door open to leaving the club.
3h ago from SportsKeeda.com

Brazil International rejects Manchester United and...

Brazil international and Atalanta midfielder Ederson has reportedly...
6h 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.