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...
13y 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...
13y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Explained: the error that led to Fabio Quartararo’s...
No description available...
19h ago from Motorsport.com
MotoGP's tightest title race in years: What...
The numbers back that up. According to Crash.net's post-race breakdown,...
1d ago from MotorsportWeek.c...
How to fix small paint chips like a motorsport mechanic
The good news is that most everyday chips can be stabilised and blended...
1d ago from MotorsportWeek.c...
“This is not F1 on two wheels” - Carlos Ezpeleta...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Frustration in Markham: IndyCar President Boles calls...
No description available...
7h ago from Motorsport.com
IndyCar forced to reschedule Friday practice due to...
The NTT IndyCar series will not be completing its first practice session...
8h ago from MotorsportWeek.c...
Markham IndyCar debut delayed by unfinished track...
No description available...
11h ago from Motorsport.com
FOX Sports reveals broadcast team for inaugural...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
4d ago from Motorsport.com
Thierry Neuville claims WRC Rally Finland was...
No description available...
1w ago from Motorsport.com
FIA sets deadline for WRC Saudi Arabia decision
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“No one dead” - Fabrizio Romano responds after...
Football journalist Fabrizio Romano responded to reports that staff at...
1h ago from SportsKeeda.com
‘Not going to be an issue’: Mikel Arteta relaxed...
t;li>Manager’s deal expires at end of the new season‘They don’t...
9h ago from TheGuardian.com
Arteta says he will sign new Arsenal contract in...
Mikel Arteta has revealed he will sign a new Arsenal contract and there is...
9h ago from SkySports.com
Arsenal star rejects surprise transfer despite 45m...
Gabriel Martinelli has reportedly rejected the possibility of joining...
11h ago from CaughtOffside.com
Comments
Hottest News
Christian Horner F1 return: Key deadline looms with $10bn...
Christian Horner's best chance of returning to F1... Read More »
46m ago from GPFans.com
Toto Wolff heralds key Mercedes figure over Kimi Antonelli...
Kimi Antonelli has come on leaps and bounds in... Read More »
46m ago from RacingNews365.com
On this Day in Formula 1: Stewart crowned, Lauda debuts and...
August 15 has delivered championship... Read More »
36m ago from GrandPrix247.com
