News Details

F1 2013 – Sauber never faced bankruptcy

Sauber team Principal Monisha Kaltenborn has revealed that Sauber were not facing bankruptcy before the team agreed 3 new partnerships with Russian backers. Monisha also revealed sauber had several back up options should the deals not of completed.'Because of the extent and scope of this deal, we knew it would take a while, so we didn't really get too depressed or disturbed by what was being written.''We focused on getting our deal done. We've been working with these partners for a while. It wouldn't be right for us to think that ‘if we don't get this, we can't survive' we’ve gone through tough times before and we know we can survive.''We had other options, clearly, but we felt that...
Full Story »
12y ago from F1.co.uk 0
Share

You May Also Be Interested In...

Questions arise over Sauber's Russian saviours

July 28th, 2013 (F1plus) The Russian deal was hailed as Sauber's saviour,...
12y ago from F1Plus.com

Questions mount over Sauber's Russian saviours

The Russian deal was hailed as Sauber's saviour, but rumours persist that...
12y ago from GrandPrix.com

Sauber to keep control despite Russian deal

Sauber's new trio of Russian partners will put the financially-troubled...
12y ago from SuperSport.com

Kaltenborn 'relieved' at Sauber deal

Monisha Kaltenborn says she was 'relieved' to agree a deal with Russian...
12y ago from espnF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Kyle Kirkwood speeds to the top in second Long Beach...

The NTT IndyCar Series held its second practice session on the streets of...

Andretti lights up IndyCar Long Beach practice, Will...

The field of 25 drivers in the NTT IndyCar Series roared out of a...
21h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Mikel Arteta's three-word 'final message' to Arsenal...

Arsenal manager Mikel Arteta has sent a simple three-word message to his...
17m ago from CaughtOffside.com

Manchester City vs Arsenal: Six things to watch in...

This is the big one – it's Manchester City vs Arsenal at the Etihad...
1h ago from CaughtOffside.com

'Final decision tomorrow' – Arsenal star given...

Arsenal captain Martin Odegaard could reportedly have a chance of playing...
2h ago from CaughtOffside.com

Report: PSG chief holds transfer talks with surprise...

Paris Saint-Germain chief Luis Campos has reportedly held surprise talks...
2h 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.