Monisha Kaltenborn has admitted
Sauber's Russian rescue deal is facing delays. Despite reports of an enormous investment in the struggling Swiss team by Russian government-linked entities, we reported recently that the money is yet to start flowing.
Sauber's financial crisis, therefore, may not yet be over, with the German newspaper Welt reporting that
Ferrari's ultimatum of a EUR 9 million engine supply bill being paid by the end of the August break is still in effect. It is suggested the entire Sauber deal has to be signed off by none other than Russian president Vladimir Putin, and as yet he not done so.
Team boss Kaltenborn has admitted a delay. Welt quoted her as saying it is only because of "bureaucratic obstacles and complex questions of detail", and did not elaborate.
Another German newspaper, Bild-Zeitung, reports that Kaltenborn and team founder
Peter Sauber have kicked off their August 'break' with a trip to Moscow. Correspondents Nicola Pohl, Frank Schneider and Helmut Uhl said the Sauber chiefs' visit to Russia is to "sign contracts with potential sponsors", because "no money is yet to flow" from the country in northern Eurasia. (GMM)
Trending news
-
Alfa Romeo Orlen presented in Warsaw the livery of its new car for this season with the code name C41.
The colors of...
-
AlphaTauri became the second team of Formula1 which revealed the livery of this year’s car.
AT02 is the second...
-
McLaren revealed the livery of its new car MCL35M for season 2021 and became the first Formula1 team which presented ...
-
15:56
F1
-
17:44
F1
-
15:00
F1
Replies (0)
Login to reply