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
Exclusive: Jorge Martin finalising two-year Yamaha...
No description available...
14h ago from Motorsport.com
Exclusive: Honda signs Fabio Quartararo for 2027...
No description available...
19h ago from Motorsport.com
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
1d ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Cindric returns to Team Penske for 2026 as...
No description available...
5h ago from Motorsport.com
Tim Cindric returns to Penske in race strategist role
Team Penske has announced the strategist line-up for its 2026 IndyCar...
5h ago from MotorsportWeek.c...
D.C. race "would be massive opportunity for...
No description available...
1d ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
11h ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
2d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'We'd have won that game if he was playing' - Ian...
Arsenal legend Ian Wright has made a bold claim about Manchester United's...
6h ago from SportsKeeda.com
'They gave us a bit of hope' - Manchester City star...
Manchester City midfielder Bernardo Silva has said that Arsenal dropping...
9h ago from SportsKeeda.com
Scouting mission confirmed: Man Utd step up move for...
Manchester United have been linked with Nathaniel Brown in recent weeks,...
11h ago from CaughtOffside.com
Paul Merson predicts Leeds vs Arsenal, Tottenham vs...
Some unbelievable stuff happened in the Premier League last weekend! I...
13h ago from SportsKeeda.com
Comments
Hottest News
Radical Aston Martin breaks cover as revolutionary design...
RacingNews365 technical analyst Paolo Filisetti... Read More »
8h ago from RacingNews365.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 4
The fourth day of on-track action for F1 in 2026... Read More »
19h ago from RacingNews365.com
A first look at Aston Martin’s radical Newey-designed...
Aston Martin finally revealed its 2026... Read More »
8h ago from F1i.com
