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 »
Full Story »
You May Also Be Interested In...
Sauber F1 future is “extremely uncertain”
Sauber will race in Melbourne next weekend, notwithstanding the financial...
9y 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'...
9y ago from F1Hub.net
Sauber staff not paid in full
Sauber have confirmed to Sky Sports that the team haven't paid their staff...
9y ago from SkySports.com
Sauber confident of resolving cash flow problem
Sauber confident its financial plight will be resolved Sauber boss...
9y ago from SpeedCafe.com
Elsewhere On The Network
Popular On MGPToday.com
Pushing aero to the limit: The evolution of winglets...
No description available...
4h ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
3h ago from Motorsport.com
Why the 2026 MotoGP season is shaping up to be a...
No description available...
8h ago from Motorsport.com
Toprak Razgatlioglu hailed as ‘Casey Stoner 2.0’...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
5h ago from Motorsport.com
Jacob Abel moves from IndyCar to sports cars after one...
After one season competing in IndyCar, Jacob Abel will make a transition...
6h ago from MotorsportWeek.c...
GP of Arlington President Miller bullish over...
No description available...
1d ago from Motorsport.com
Barnes: A wishlist for the 2026 IndyCar season
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
3h ago from Motorsport.com
Dakar 2026, Stage 4: Toyota’s Henk Lategan crushes...
No description available...
8h ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
9h ago from Motorsport.com
Sebastien Loeb left “almost at a standstill” in...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Every word from Mikel Arteta's press conference today...
Arsenal manager Mikel Arteta gave his press conference today ahead of the...
3h ago from CaughtOffside.com
Reliable journalist addresses 'concerns' over crucial...
Reliable Arsenal journalist Charles Watts has spoken out on Bukayo Saka's...
3h ago from CaughtOffside.com
Former Arsenal cult hero tips his son to be playing in...
Former Arsenal right-back Emmanuel Eboue has backed his son Mathis Eboue...
5h ago from CaughtOffside.com
Mikel Arteta singles out 'exceptional' Arsenal star...
Arsenal manager Mikel Arteta has singled out Leandro Trossard for praise...
5h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton announces 'time for change' in birthday...
F1 icon Lewis Hamilton has announced 'the time... Read More »
1h ago from GPFans.com
Exclusive: Jonathan Wheatley – the ‘car guy'...
In the first part of an exclusive interview with... Read More »
2h ago from MotorsportWeek.com
'It would be cool!' McLaren boss Zak Brown wants to bring...
McLaren boss Zak Brown has encouraged the sport... Read More »
20m ago from GPFans.com
