News Details
F1 2013 – Sauber – Russian rescue deal falls apart?
Just under a month ago Sauber announced a rescue deal which would see the Swiss based team receive a much needed financial injection from Russian bankers, but recent reports are suggesting the deal is far from done.Reports from bild newspaper are suggesting that National Aviation Institute of Aviation Technologies, the company set to save Sauber, has had its board of director’s vote against the rescue package.The 400million euro investment would see Sauber pay off creditors including Ferrari [engines], Pirelli, Nico Hulkenberg, Esteban Gutierrez and former Sauber driver Kamui Kobayashi, who are all reportedly owed money by Sauber.Failing to secure a deal could see sauber out of the second...
Full Story »
Full Story »
You May Also Be Interested In...
Sauber boss admits delay in Russian financial rescue...
Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
12y ago from GrandPrix247.com
Sauber boss admits delay in Russian rescue deal
August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian...
12y ago from F1Plus.com
Russian entity votes down Sauber rescue
By Editor on Tuesday, August 13, 2013 After all the ‘Russian rescue...
12y ago from F1Zone.net
Pirelli waiting for Sauber tyre bill
By Editor on Monday, August 12, 2013 Reports of a continuing financial...
12y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez explains how injury recovery is delaying...
No description available...
5h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
6h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
8h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
3h ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
1d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
2d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
7h ago from CaughtOffside.com
'It's more important for Arsenal' | Soccer Saturday...
Tim Sherwood and Clinton Morrison look ahead to the North London derby and...
6h ago from SkySports.com
Premier League club exploring deal to sign 19-year-old...
Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
10h ago from CaughtOffside.com
Talks held: Arsenal step up efforts to beat Man Utd to...
Arsenal have reportedly held initial talks over a potential transfer move...
11h ago from CaughtOffside.com
Comments
Hottest News
Shrewd Christian Horner decision could prove detrimental to...
Has a decision from former Red Bull F1 boss... Read More »
1h ago from GPFans.com
Lewis Hamilton F1 comeback is on! Ferrari insider decodes...
A Ferrari insider has shed light on the real... Read More »
2h ago from GPFans.com
Aston Martin’s nightmare: Honda owns up to power unit...
Aston Martin engine supplier Honda has publicly... Read More »
9h ago from F1i.com
