News Details

Sauber confirm unpaid wages for February

Reports in Switzerland suggest that Sauber have confirmed that they haven't fully-paid their staff for the month of February. Earlier today, reports emerged from Swiss publication Blick that the Sauber employees have only received part of their salary for February, with money issues starting to become apparent for the team just a couple of weeks before the start of the new Formula One season. The reason given is a delay in payment from abroad sponsors, with Sauber team principal, Monisha Kaltenborn reportedly saying; 'Part of the February salaries is pending. I regret that immensely. 'We are currently at the most expensive time of the year. And with the transfer of a large amount...
Full Story »
9y ago from FormulaSpy.com 0
Share

You May Also Be Interested In...

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
9y ago from F1Hub.net

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
9y ago from GrandPrix247.com

Sauber admits delay to portion of staff wages

Sauber CEO Monisha Kaltenborn had admitted a 'technical problems' with...
9y ago from Crash.net

2016 Sauber F1 may not be 100% in Australian GP –...

Felipe Nasr admits Sauber's newly-launched car may not be 100 per cent...
9y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

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

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

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Ott Tanak ends Hyundai’s victory drought

Ott Tanak and Martin Jarveoja clinched their and Hyundai’s first...

Popular On GunnersToday.com

'Contacts are taking place' – Fabrizio Romano...

Fabrizio Romano has reported on the Eberechi Eze to Arsenal transfer...
3h ago from CaughtOffside.com

Arsenal still keen on Premier League striker –...

Arsenal are still searching to sign a new striker, with moves for their...
15m ago from CaughtOffside.com

Thomas Partey in talks to join new club alongside...

Thomas Partey is reportedly in talks to sign for Galatasaray after his...
3h ago from SportsKeeda.com

Can Arsenal Lift A Trophy In The 2025/26 Season?

There's no arguing that Arsenal are one of the top teams in both England...
4h 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.