News Details
Sauber deny Russian deal on brink of collapse
The media is awash with reports that Sauber's Russian backing is on the brink of collapse, and therefore the team is faced with being sold or the threat of bankruptcy. The Swiss team has however denied the latest "rumour" and insists the deal is progressing as planned. According to German media, the Board of the National Institute of Aviation Technologies (NIAT) - one of the three businesses backing Sauber - has voted against the proposed investment in the Formula 1 team. The report continues to suggest that the loss of NIAT will result in the loss of around €400 million over several years. Sauber has however hit back, with a spokesperson telling Auto Motor und Sport that...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Sauber's Russian rescue package on the brink of...
It has now emerged that Sauber's supposed ‘Russian rescue deal' is...
12y ago from GrandPrix247.com
Sauber claim Russian bailout collapse reports not...
Leading figures involved with Sauber's high profile Russian rescue deal...
12y ago from GrandPrix247.com
Russian board rejection places Sauber in jeopardy
Reports today are that the Board of the National Institute of Aviation...
12y ago from Pitpass.com
Sauber boss admits delay in Russian rescue deal
August 8th, 2013 - Monisha Kaltenborn has admitted Sauber's Russian...
12y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Adelaide bids to host MotoGP’s first-ever street...
No description available...
5h ago from Motorsport.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
1d ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
1d ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
15h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
15h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
20h ago from MotorsportWeek.c...
Dale Coyne “would like to be in the game” for...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
2d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
3d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
3d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Report: Tottenham star could complete surprise...
Tottenham striker Richarlison is reportedly a transfer target for Atletico...
1h ago from CaughtOffside.com
'One of the only ones in that dressing room who has...
Rio Ferdinand has backed Gabriel Jesus to be a critical player for Arsenal...
1h ago from SportsKeeda.com
Manchester United overtake Arsenal & Barcelona in...
Manchester United now reportedly look to be leading the race for the...
1h ago from CaughtOffside.com
Every Premier League free agent this summer, featuring...
We've got a list of every free agent who'll be on the market this summer...
3h ago from CaughtOffside.com
Comments
Hottest News
F1 Testing Results: Bahrain timesheets - Ferrari go fastest...
The second week of F1 testing at the Bahrain... Read More »
4h ago from GPFans.com
FIA announce official F1 vote over Mercedes compression...
An update has been announced regarding the... Read More »
1h ago from GPFans.com
FIA buckles, puts proposal to change Mercedes F1 engine...
The FIA has buckled under pressure from Mercedes'... Read More »
56m ago from GrandPrix247.com
