News Details

Sauber pays overdue salaries to their staff

F1 Latest News: Sauber has paid all February salaries to their staff members at their Swiss base following cash flow problems incurred by the team which had left a number of salaries unpaid for the month of February and caused future uncertainty in the team. Like Lotus F1's cash flow problems last year, by the looks of it Sauber are now incurring serious financial problems at the start of the season, where it is understood initial costs are very high due to the production of their 2016 challenger. Eurosport reveal that Sauber was one of the teams on the grid that requested F1 supremo, Bernie Ecclestone to give them an advance payment on their championship payments which comes in at the...
Full Story »
10y ago from F1Hub.net 0
Share

You May Also Be Interested In...

Sauber confident of resolving cash flow problem

Sauber confident its financial plight will be resolved Sauber boss...
10y ago from SpeedCafe.com

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
10y ago from F1Hub.net

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
10y ago from GrandPrix247.com

Sauber late with February staff payments

– Sauber staff have not been paid in full for the month of February...
10y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

Massimo Rivola: Aprilia has become the ‘benchmark’...

Massimo Rivola has admitted that Aprilia has become the current reference...

Popular On IndyCarToday.com

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

Arsecast Extra Episode 689 – 05.04.2026

Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
7h ago from Arseblog.com

Southampton social media brutally trolls Arsenal after...

Southampton’s social media team has added salt to the wounds of the...
8h ago from CaughtOffside.com

Alan Shearer makes bold Premier League title...

Newcastle United legend Alan Shearer believes that Arsenal will find it...
8h ago from SportsKeeda.com

Mikel Arteta takes full responsibility for Arsenal's...

Arsenal boss Mikel Arteta attributed the team's 2-1 FA Cup quarter-final...
9h ago from SportsKeeda.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.