News Details
Sauber presence in Melbourne not in doubt despite late staff payments
XPB Images
Sauber CEO Monisha Kaltenborn acknowledged that the Swiss outfit had not yet paid in full the February wages of its staff. Cash-flow difficulties which emerged for the Hinwill-based outfit last year had led it to ask F1 boss Bernie Ecclestone for an advance on championship payments in November. Still, the team's financial woes lingered forcing a slight manufacturing delay of its 2016 challenger, Sauber introducing its C35 during the second week of pre-season testing in Barcelona. "Some of the February salaries are still outstanding," CEO Kaltenborn told Blick media. "I deeply regret that. “It’s tense. Right now, it’s the most cost-intensive time...
Full Story »
Full Story »
You May Also Be Interested In...
Sauber F1 future is “extremely uncertain”
Sauber will race in Melbourne next weekend, notwithstanding the financial...
10y ago from ThisIsF1.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 staff not paid in full
Sauber have confirmed to Sky Sports that the team haven't paid their staff...
10y ago from SkySports.com
Sauber confident of resolving cash flow problem
Sauber confident its financial plight will be resolved Sauber boss...
10y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini frustrated by MotoGP safety inaction;...
No description available...
2h ago from Motorsport.com
Joan Mir: I deserve to stay in Honda’s factory...
No description available...
1h ago from Motorsport.com
Alex Rins bemused by early Yamaha axe amid V4 engine...
No description available...
5h ago from Motorsport.com
Marc Marquez opens up on Austin MotoGP injury struggles
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
1d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
1d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
2d ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
New constructor set to join WRC top tier in 2027
No description available...
1h ago from Motorsport.com
How Rally Islas Canarias could crown another new WRC...
No description available...
1d ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
3d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Ian Wright insists Arsenal star should win PFA POTY...
Arsenal legend Ian Wright has backed Declan Rice to win the Ballon d'Or...
2h ago from SportsKeeda.com
Episode 873 – It's still good
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
3h ago from Arseblog.com
Paul Merson predicts Arsenal vs Newcastle United and...
What an incredible turnaround we've witnessed in the Premier League title...
3h ago from SportsKeeda.com
After bonfires, bulbs and a dog called Win, will...
stone has been left unturned in Arsenal’s search for success but the...
4h ago from TheGuardian.com
Comments
Hottest News
Max Verstappen carries out crucial Red Bull experiment at...
Max Verstappen and Red Bull have returned to the... Read More »
41m ago from GPFans.com
Former Mercedes chief reveals troubled relationship with F1...
An F1 icon has shed light on exactly why things... Read More »
1h ago from GPFans.com
Brown sees long-term McLaren future for Lambiase
McLaren Racing boss Zak Brown has made it clear... Read More »
42m ago from F1i.com


























