News Details
Sauber saved by rescue plan set up by international investors
Sauber is reportedly on the cusp of being sold amid a troubled Formula 1 campaign for the financially struggling Swiss team. Recently we reported that the 300 staff at Hinwil have now been paid for May and June, with everyone's wages now up-to-date. 'We are in the process of a comprehensive solution,' confirmed team boss and co-owner Monisha Kaltenborn, speaking to Blick newspaper. It is believed that, earlier this week, Sauber staff were told at the team's Swiss base that their newly-paid salaries are part of a rescue plan for the team. Auto Motor und Sport claims the plan comes in the form of an international group of investors who will buy a majority stake in Sauber, writing off debts...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Sauber up to date with wages as solution found
Some better news is finally emerging from the Sauber camp, amid a...
9y ago from GrandPrix247.com
Sauber F1 pays staff amid ‘solution’ to issues
Sauber F1 pays staff amid ‘solution' to issues Some better news is...
9y ago from ThisIsF1.com
IndyCar — Gossage Knows Promotion
F1 News F1 is high-pressure; so are Pirelli tires…'unbelievably...
9y ago from Formula1Blog.com
Wolff agrees with performance-based prize money
Earlier this week, Bernie Ecclestone revealed that once the current...
9y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Why LCR Honda won’t field injury replacement for...
No description available...
4h ago from Motorsport.com
MotoGP announces free 24/7 streaming service across...
MotoGP has announced a partnership with C15 studios to produce a free...
4h ago from MotorsportWeek.c...
MotoGP to stream free in US on new dedicated 24/7...
No description available...
1d ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
2d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
2d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
2d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How drones will change the way you watch motorsport
No description available...
2h ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Ex-Arsenal man explains why 'gifted player' would be...
Former Arsenal star Theo Walcott has explained why he thinks Eberechi Eze...
4h ago from CaughtOffside.com
'Worst season' – Arsenal star surely leaving as...
Arsenal left-back Oleksandr Zinchenko has claimed that last season was the...
5h ago from CaughtOffside.com
'I just feel that the grass isn’t always greener' -...
Former Arsenal forward Theo Walcott has advised Eberechi Eze against a...
3h ago from SportsKeeda.com
Rio Ferdinand makes scoreline prediction for Premier...
Former England defender Rio Ferdinand has predicted a draw between...
4h ago from SportsKeeda.com
Comments
Hottest News
F1 boss frustrated by ludicrous work problem plaguing team
F1 team principal Jonathan Wheatley has revealed... Read More »
1h ago from GPFans.com
Hamilton accused of Ferrari conflict after numerous...
Lewis Hamilton's 'theatrics' at Ferrari this... Read More »
59m ago from GPFans.com
State of the silly season: Who will drive where in F1 2026?
The summer break has long been the ideal time for... Read More »
1h ago from espnF1.com
