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

Popular On IndyCarToday.com

Fast-paced schedule proving beneficial for IndyCar’s...

The NTT IndyCar Series recently completed its fourth racing weekend in...

Christian Lundgaard left frustrated by costly pit stop...

Christian Lundgaard finished second in Sunday’s IndyCar race from...

Popular On TotalWRC.com

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

Arsenal eye move for 40m-rated French attacker ahead...

Arsenal are interested in signing the French attacker Jean-Matteo Bahoya...
1h ago from CaughtOffside.com

Wayne Rooney sheds light on issues with Bukayo Saka as...

Manchester United legend Wayne Rooney believes Arsenal star Bukayo Saka...
3h ago from SportsKeeda.com

Arsenal and Man United battle for 'remarkable'...

Arsenal are interested in signing the Hertha BSC defensive midfielder...
3h ago from CaughtOffside.com

Arsenal make enquiry for 65 million wide man as...

Arsenal will continue to be linked with a move for Nathaniel Brown from...
3h ago from CaughtOffside.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.