News Details

Sauber presence in Melbourne not in doubt despite late staff payments

 XPB Images Sauber CEO Monisha Kaltenborn acknowledged that the Swiss outfit had not yet paid in full the February wages of its staff. Cash-flow difficulties which emerged for the Hinwill-based outfit last year had led it to ask F1 boss Bernie Ecclestone for an advance on championship payments in November. Still, the team's financial woes lingered forcing a slight manufacturing delay of its 2016 challenger, Sauber introducing its C35 during the second week of pre-season testing in Barcelona. "Some of the February salaries are still outstanding," CEO Kaltenborn told Blick media. "I deeply regret that. “It’s tense. Right now, it’s the most cost-intensive time...
Full Story »
10y ago from F1i.com 0
Share

You May Also Be Interested In...

Sauber F1 future is “extremely uncertain”

Sauber will race in Melbourne next weekend, notwithstanding the financial...
10y ago from ThisIsF1.com

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
10y ago from F1Hub.net

Sauber staff not paid in full

Sauber have confirmed to Sky Sports that the team haven't paid their staff...
10y ago from SkySports.com

Sauber confident of resolving cash flow problem

Sauber confident its financial plight will be resolved Sauber boss...
10y ago from SpeedCafe.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...
15h ago from MotorsportWeek.c...

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...
13h ago from MotorsportWeek.c...

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

BBC reporter reveals what Martin Odegaard was seen...

Arsenal captain Martin Odegaard was seen engaged in a lengthy and animated...
1h ago from CaughtOffside.com

Is 'underestimated' Raya the best goalkeeper in the...

Kai Havertz declared David Raya the best goalkeeper in the world after his...
1h ago from SkySports.com

Arteta praises team ethics at Arsenal for super sub...

Mikel Arteta praises team ethics at Arsenal as Kai Havertz came of the...
2h ago from SkySports.com

Arteta admits Arsenal had point to prove after ‘big...

t;li>Havertz goal offers response after back-to-back defeatsArteta...
1h 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.