user icon
user icon
icon
link-icon
<< Return to the news list
'Putin yet to sign off Russian rescue deal for Sauber'

'Putin yet to sign off Russian rescue deal for Sauber'

  • Published on 08 Aug 2013 11:51
  • comments 0
  • By: Rob Veenstra
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)
F1 News Ferrari Sauber
<< Previous article Next article >>

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

World Championship standings 2020

Pos
Team
Points
1
Mercedes
573
2
Red Bull Racing
319
3
Racing Point
210
4
McLaren
202
5
Renault
181
6
Ferrari
131
7
Alpha Tauri
107
8
Alfa Romeo Racing
8
9
Haas F1
3
Show full world champion standings

Team profile

Ferrari
Ferrari
Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
Bahrain International Circuit
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
26 - Mar 28
Bahrain Bahrain International Circuit
See full schedule
show sidebar