News Details

Sauber crisis deepens as staff payments late again

Sauber has fallen behind once again with its full salary payments to its 300 staff in Switzerland. Boss Monisha Kaltenborn was not in Bahrain last weekend, amid reported talks with potential buyers and rumours cashflow problems could shortly end the struggling Hinwil based team's 23-year F1 adventure. Now, a month after similar reports about the February payments to staff, Neue Zurcher Zeitung newspaper claims Sauber has once again fallen behind for March. Team spokesman Robert Hopoltseder confirmed: 'The worries of the last few weeks are not off the table. We currently live from hand-to-mouth.' Related News Van der Garde: Sauber’s financial decision-making is bizarre Jordan advises...
Full Story »
10y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Sauber may make China but struggle continues

Amid Sauber's obvious financial problems early in 2016, new media reports...
10y ago from GrandPrix247.com

Kaltenborn is in crucial talks over Sauber F1’s...

Amid Sauber's obvious financial problems early in 2016, new media reports...
10y ago from ThisIsF1.com

Sauber may not make it to the Chinese Grand Prix

In the early rounds of the 2016 Formula 1 world championship season, it...
10y ago from GrandPrix247.com

FBC Staff Picks: Bahrain GP

F1 News Rosberg leads FP2 in Bahrain evening Rosberg fastest in Bahrain...
10y ago from Formula1Blog.com

Elsewhere On The Network

Popular On MGPToday.com

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...

Feature: RLL’s split fortunes in Barber highlight...

At the most recent IndyCar race from Barber Motorsports Park, Graham...

Popular On TotalWRC.com

Thierry on top in Croatia

Thierry Neuville and Martijn Wydaeghe are on track to claim Hyundai’s...
11h ago from MotorsportWeek.c...

Popular On GunnersToday.com

'It’s a big problem' - Former Premier League star...

Former Premier League player, Yannick Bolasie, has slammed Arsenal duo,...
6h ago from SportsKeeda.com

Player ratings: Arsenal 1-2 Bournemouth

Arsenal were dismal in defeat as they hosted Bournemouth in the lunchtime...
7h ago from FreshArsenal.com

Talks ongoing for months as Arsenal look to snap up...

AS Monaco attacker Maghnes Akliouche has been linked with a move away from...
9h ago from CaughtOffside.com

'Didn’t help' - Arsenal star places blame on 'dry...

Arsenal striker Viktor Gyökeres blamed the ‘dry pitch’ at the...
10h 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.