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 »
9y 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...
9y 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...
9y 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...
9y ago from GrandPrix247.com

FBC Staff Picks: Bahrain GP

F1 News Rosberg leads FP2 in Bahrain evening Rosberg fastest in Bahrain...
9y ago from Formula1Blog.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta reveals how ‘disaster’ Saturday...

Pedro Acosta revealed “KTM is improving in every race” after taking...
19h ago from MotorsportWeek.c...

Marc Marquez: ‘Not normal to win every weekend’...

Marc Marquez admits “it’s not normal to win every weekend” despite...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Kiwior linked with Porto, Berta's loan + obligation...

Morning. I know there's probably a cut-off point when it comes to Eberechi...
2h ago from Arseblog.com

Concrete negotiations: Arsenal involved in talks to...

According to journalist Florian Plettenberg, Arsenal have stepped up their...
3h ago from CaughtOffside.com

“I’ve been saying the last two years' - Pundit...

Former Premier League player turned pundit Danny Simpson believes...
1h ago from SportsKeeda.com

'He needs to liven up' - Rio Ferdinand offers advice...

Manchester United legend Rio Ferdinand has advised Altay Bayindir to liven...
3h ago from SportsKeeda.com

Comments

Hottest News

F1: 'I've nothing to prove,' says Perez

Confirmed as one of Cadillac's drivers for 2026,... Read More »
55m ago from Pitpass.com

Christian Horner F1 return update issued in official...

Christian Horner's list of potential options... Read More »
2h ago from GPFans.com

Cadillac: ‘Pathway’ for American drivers will come, but...

As Cadillac gears up for its much-anticipated... Read More »
55m ago from F1i.com

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.