News Details

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud, as it emerges that staff salaries for February were due at time of this report A year ago, it was the Giedo van der Garde saga that almost derailed the struggling Swiss team, but now Blick reports that Sauber has fallen behind in its wage payments to its more than 300 staff at the Hinwil factory. 'Yes, it is true,' boss and co-owner Monisha Kaltenborn confirmed. 'Part of the February salaries are still due, which I really regret.' Kaltenborn continued: 'Right now is the most cost-intensive period (of the season). And there have been technical problems with the transfer of a big sponsorship amount from abroad.' She...
Full Story »
10y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Sauber: Yes, it is true,’We’re in trouble’

Sauber F1 boss and co-owner Monisha Kaltenboth Sauber is entering yet...
10y ago from ThisIsF1.com

Barcelona Test 2 Day 4: Live team reports

Barcelona Test 2, Day 4 Tweets from...
10y ago from GrandPrix247.com

Barcelona Test 2 Day 3: Live team reports

Barcelona Test 2, Day 2 report here>>> Tweets from...
10y ago from GrandPrix247.com

Barcelona Test 2 Day 1: Live team reports

Barcelona Test Drivers' Schedule Team Tuesday Wednesday Thursday Friday...
10y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Why WorldSBK leader Nicolo Bulega could miss out on a...

Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Hyundai continues to honour Craig Breen's memory

Hyundai Shell Mobis World Rally Team will run a special livery at this...

Kalle Rovanpera returns to WRC with Subaru

Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...

Popular On GunnersToday.com

Report: Liverpool now ahead of Arsenal, Chelsea and...

Liverpool are reportedly leading the race to sign Real Madrid midfielder...
1h ago from CaughtOffside.com

'I wouldn't be surprised if he did make the starting...

Former Arsenal striker Alan Smith has named his replacement for the...
2h ago from SportsKeeda.com

Update: Liverpool & Arsenal transfer target knows...

Liverpool and Arsenal may reportedly have been dealt a blow regarding...
4h ago from CaughtOffside.com

Champions League: previews and predictions for the...

the stats for Sporting v Arsenal, Real Madrid v Bayern, Barcelona v...
5h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.