News Details
Sauber secure long-term future via Russian investment
Sauber F1 Team's long-term future appears to have been secured after three Russian companies confirmed their investment in the Swiss team early this morning.
The team's financial crisis had been well-documented in recent weeks with Peter Sauber admitting that suppliers had not been paid, and Nico Hulkenberg was rumoured to have not been paid, thus terminating his contract with the team temporarily until investment was found. However, a solution appears to have been found.
The statement from Sauber reads:
'We are pleased to announce a partnership between the Investment Corporation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute...
Full Story »
Full Story »
12y ago from RichlandF1.com
0
You May Also Be Interested In...
Sauber saved by eleventh hour funding from Russian...
Sauber saved by eleventh hour funding from Russian consortium 15 July,...
12y ago from GrandPrix247.com
Sauber ensures long-term Formula 1 future
Sauber has secured its long-term future in Formula 1 by joining forces...
12y ago from GPUpdate.net
No financial help for Sauber - Ecclestone
Bernie Ecclestone has ruled out financial aid for Sauber after the Swiss...
12y ago from TheF1Times.com
Sauber land Russian deals
Sauber have announced partnerships with three Russian institutions that...
12y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
3h ago from Motorsport.com
Final Catalan GP results as five riders penalised and...
No description available...
2h ago from Motorsport.com
Johann Zarco reveals knee injury after Catalan GP crash
No description available...
1h ago from Motorsport.com
Pedro Acosta slams Catalan GP calls: “It’s awful...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Final half of grid locked in for Indy 500
After being rained out on Saturday, IndyCar held the beginning of its...
44m ago from MotorsportWeek.c...
Indy 500 Fast 12 set as Josef Newgarden struggles in...
No description available...
24m ago from Motorsport.com
Weather delays Indy 500 qualifying
Qualifying for the 110th running on the Indianapolis 500 has been delayed...
1d ago from MotorsportWeek.c...
IndyCar announces revised Indy 500 qualifying schedule
Following a full day rain-out on Saturday, the NTT IndyCar Series has...
23h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why returning to the WRC podium was so important for...
No description available...
4d ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Would be good timing for him' - Pundit believes one...
Former Arsenal star Mikael Silvestre believes one Gunners star could leave...
2h ago from SportsKeeda.com
Arsenal and Man United learn asking price of Newcastle...
Sandro Tonali could become one of the biggest Premier League midfield...
10h ago from CaughtOffside.com
Rodri sends warning to Arsenal after Manchester City's...
Manchester City star Rodri has sent a strong message to Arsenal after the...
14h ago from SportsKeeda.com
Sources: £265,000 per week Arsenal star is...
Gabriel Jesus’ future at Arsenal is starting to look increasingly...
13h ago from CaughtOffside.com
Comments
Hottest News
F1 team boss 'furious with sponsor' as Gucci rumours heat up
Alpine F1 boss Flavio Briatore has reportedly... Read More »
1h ago from GPFans.com
Lewis Hamilton told he is 'now Ferrari's No. 2 driver'...
Seven-time champion Lewis Hamilton has been... Read More »
1h ago from GPFans.com
Max Verstappen team-mate devastated over Nurburgring...
Max Verstappen's Mercedes team-mate has reacted... Read More »
3h ago from GPFans.com
