Sauber bailout collapse rumours 'not worth a denial'

  • Published on 09 Aug 2013 10:25
  • comments 0
  • By: Rob Veenstra
Leading figures of Sauber's Russian rescue deal have played down reports of a delay that means vital money is not yet flowing to the embattled Swiss team. The German newspaper Die Welt claimed this week that Russian president Vladimir Putin is stalling over the final signature.

Sauber could, therefore, still run off the road because Ferrari is reportedly threatening to cut off its supply of customer V8 engines if a EUR 9 million bill is not paid imminently. Central to the entire Russian deal is the scheduled debut of teenage Russian driver Sergey Sirotkin, and his manager Nikolay Vetrov confirmed the holdup.

"Yes, we have not had time to implement the whole of the planned ambitious programme," he told the f1news.ru website, "but otherwise everything is going according to plan. I just spoke with (team boss) Mrs (Monisha) Kaltenborn, and she said, literally, that this (Die Welt) article is not even worthy of a comment," added Vetrov. "There is no doubting the realism of these plans."

17-year-old Sirotkin's father Oleg is also closely involved in the Sauber deal, as director-general of the National Institute of Aviation Technologies. He also confirmed the delay in the Sauber deal. "Indeed, we are still in the implementation phase of our agreement of intent," he said. "We are preparing all the relevant documents, and it takes quite a long time.

"We have a plan, we're moving on it, we are somewhat behind in some areas, somewhat ahead in others. What I would say is that this procedure is more technical than political. In general, we do not see any big problems, but there will be a slight shift in the timing. Of course, I want everything to happen tomorrow, but we need patience on all sides and everything will be fine -- that's my point of view."

When asked by Blick newspaper about the Die Welt report, Sauber spokesman Hanspeter Brack answered: "There are some articles that are not even worth the denial." (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Pos
Driver
Team
Points
Pos
Team
Points
Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
7 - Mar 9
Saudi Arabia
22 - Mar 24
Australia
5 - Apr 7
Japan
19 - Apr 21
China
3 - May 5
United States of America
17 - May 19
Italy
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
Spain
28 - Jun 30
Austria
5 - Jul 7
United Kingdom
19 - Jul 21
Hungary
26 - Jul 28
Belgium
23 - Aug 25
Netherlands
30 - Sep 1
Italy
13 - Sep 15
Azerbaijan
20 - Sep 22
Singapore
18 - Oct 20
United States of America
25 - Oct 27
Mexico
1 - Nov 3
Brazil
22 - Nov 24
United States of America
29 - Dec 1
Qatar
6 - Dec 8
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
19 - Apr 21
3 - May 5
United States of America Miami International Autodrome
17 - May 19
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule

Team profile

Show full profile
show sidebar