News Details
Sauber secure long-term future via Russian investment
Sauber F1 Team's long-term future appears to have been secured after three Russian companies confirmed their investment in the Swiss team early this morning.
The team's financial crisis had been well-documented in recent weeks with Peter Sauber admitting that suppliers had not been paid, and Nico Hulkenberg was rumoured to have not been paid, thus terminating his contract with the team temporarily until investment was found. However, a solution appears to have been found.
The statement from Sauber reads:
'We are pleased to announce a partnership between the Investment Corporation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute...
Full Story »
Full Story »
12y ago from RichlandF1.com
0
You May Also Be Interested In...
Sauber saved by eleventh hour funding from Russian...
Sauber saved by eleventh hour funding from Russian consortium 15 July,...
12y ago from GrandPrix247.com
Sauber ensures long-term Formula 1 future
Sauber has secured its long-term future in Formula 1 by joining forces...
12y ago from GPUpdate.net
No financial help for Sauber - Ecclestone
Bernie Ecclestone has ruled out financial aid for Sauber after the Swiss...
12y ago from TheF1Times.com
Sauber land Russian deals
Sauber have announced partnerships with three Russian institutions that...
12y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
How to watch the IndyCar Grand Prix of Arlington:...
No description available...
19h ago from Motorsport.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
2d ago from MotorsportWeek.c...
Winners and losers from an action-packed IndyCar race...
No description available...
3d ago from Motorsport.com
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
1h ago from Motorsport.com
Solberg clings on to Safari Rally lead as Ogier hunts...
Oliver Solberg started Friday with a 33.3 second lead over Elfyn Evans...
11m ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
6h ago from Motorsport.com
WRC Monte Carlo: Why is the Monaco Circuit stage so...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Everton preview: Odegaard and Trossard...
No description available...
1h ago from SkySports.com
Pep Guardiola sends warning to Manchester City squad...
Manchester City boss Pep Guardiola has sent a warning to his side about...
2h ago from SportsKeeda.com
Update: Arsenal face paying £60m to sign PL star,...
Arsenal are keen on the transfer of Kevin Schade, but there has been a new...
5h ago from CaughtOffside.com
'In talks' – Christian Falk provides update on...
Bayern Munich have had some early talks with those close to German...
5h ago from CaughtOffside.com
Comments
Hottest News
Wolff reveals where Mercedes is beating its rivals in...
Mercedes team principal Toto Wolff made no effort... Read More »
2h ago from F1i.com
Adrian Newey blasted for Aston Martin disaster: 'He should...
Former F1 team manager Peter Windsor has... Read More »
1h ago from GPFans.com
Charles Leclerc fumes after bizarre Ferrari issue ruins...
Charles Leclerc was left furious after an... Read More »
6h ago from MotorsportWeek.com
