Vital F1 | Sauber's financial problems continue
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Sauber's financial problems continue

Sauber's hopes of ending their financial worries appear to have failed to materialise.

Like a few teams on the Formula One grid at the moment, Sauber are said to be struggling financially.

In similar reports to those at Lotus, where reports [although denied by the Lotus owners] have surfaced that Kimi Raikkonen and factory staff had not been paid, at Sauber there has also been speculation that drivers Nico Hulkenberg and Esteban Gutierrez are also owed wages, whilst various team suppliers were also owed money.

Then last month, ahead of the Hungarian Grand Prix, reports emerged that the team had been saved thanks to a deal with three Russian companies.

The Russian based Investment Co-operation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies were all reported to have signed deals with the team.

As well as being a financial deal the Sauber F1 team were also set to 'benefit from the advanced know-how of the front-end Russian scientists and engineers' with the objective of the partnership 'to open up new perspectives and revenue streams by commercialising jointly developed technologies' according to the Sauber statement released at the time.

However the deal appears to be on the rocks, Germany's Bild has reported that the National Institute of Aviation Technologies board has voted against the deal.

Whilst all three companies who have strong ties to the Russian government have also failed to received consent from Russian President Vladimir Putin.

'We've gone through tough times before and we know we can survive. The question is not whether you want to survive, it's whether you want to, at some point in time, make the step ahead,' Sauber Team Principal Monisha Kaltenborn told Sky Sports when asked if the team had received any payments following the announcement of the deals with the Russian trio of companies.

'We knew that if this deal came through, we'd have the basis in the long term to make our way up again - and that's what's going to happen now.

'We know what we're talking about and we have good reasons to believe in it.'








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday August 14 2013

Time: 12:00PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Sauber to make huge step forward in 2018 (Wednesday October 18 2017)

Formula One wants race in Netherlands (Tuesday October 17 2017)

Toro Rosso name fourth driver of 2017 (Monday October 16 2017)

Palmer F1 career ends? (Tuesday October 10 2017)

Blog: Japanese GP Report (Monday October 9 2017)

2017 Japan GP - Race (Sunday October 8 2017)

Blog: Suzuka Qualifying (Saturday October 7 2017)

2017 Japan GP - Qualifying (Saturday October 7 2017)

2017 Japan GP - FP3 (Saturday October 7 2017)

2017 Japan GP - FP2 (Friday October 6 2017)

2017 Japan GP - FP1 (Friday October 6 2017)

Blog: Suzuka Preview (Thursday October 5 2017)

Who will win in Japan? (Tuesday October 3 2017)

More woe for Ferrari (Monday October 2 2017)

2017 Malaysia GP - Race (Sunday October 1 2017)

Blog: Sepang Qualifying (Saturday September 30 2017)

2017 Malaysia GP - Qualifying (Saturday September 30 2017)

2017 Malaysia GP - FP3 (Saturday September 30 2017)

2017 Malaysia GP - FP2 (Friday September 29 2017)

2017 Malaysia GP - FP1 (Friday September 29 2017)

Blog: Sepang Preview (Thursday September 28 2017)

New deals for Mercedes and Force India (Wednesday September 27 2017)

Leclerc lands F1 seat (Tuesday September 26 2017)

Who will win in Malaysia? (Monday September 25 2017)

A messy McLaren Honda divorce (Thursday September 21 2017)

Blog: Singapore GP Report (Monday September 18 2017)

2017 Singapore GP Race (Sunday September 17 2017)

Blog: Singapore Qualifying (Saturday September 16 2017)

2017 Singapore GP - Qualifying (Saturday September 16 2017)

2017 Singapore GP - FP3 (Saturday September 16 2017)

2017 Singapore GP - FP2 (Friday September 15 2017)

2017 Singapore GP - FP1 (Friday September 15 2017)

Red Bull duo looking forward to Singapore (Thursday September 14 2017)

Blog: Singapore Preview (Wednesday September 13 2017)

Who will win in Singapore? (Monday September 11 2017)

Ferrari embarrassed by home soil defeat (Thursday September 7 2017)

2017 Italy GP - Race (Sunday September 3 2017)

Hamilton breaks all-time record (Saturday September 2 2017)

2017 Italy GP - Qualifying (Saturday September 2 2017)

2017 Italy GP - FP3 (Saturday September 2 2017)

2017 Italy GP - FP2 (Friday September 1 2017)

2017 Italy GP - FP1 (Friday September 1 2017)

F1 Musical chairs starts and ends early (Friday September 1 2017)

Blog: Monza Preview (Wednesday August 30 2017)

Who will win in Italy? (Tuesday August 29 2017)

Blog: Belgian GP Report (Monday August 28 2017)

2017 Belgium GP - Race (Sunday August 27 2017)

Blog: Spa Qualifying (Saturday August 26 2017)

2017 Belgium GP - Qualifying (Saturday August 26 2017)

2017 Belgium GP - FP3 (Saturday August 26 2017)

2017 Belgium GP - FP2 (Friday August 25 2017)

2017 Belgium GP - FP1 (Friday August 25 2017)

Kimi gets new Ferrari contract (Thursday August 24 2017)

F1 Prediction Comp open for Belgium (Wednesday August 23 2017)

Who will win in Belgium? (Wednesday August 23 2017)

Blog: Spa Preview (Tuesday August 22 2017)

Is Formula E a threat to Formula One? (Wednesday August 16 2017)

F1 to introduce standardised parts? (Monday August 14 2017)

Sainz fake news (Saturday August 12 2017)

Hungaroring set for revamp (Wednesday August 9 2017)

Drivers mixed on Halo introduction (Monday August 7 2017)

Sauber ditch Honda for Ferrari (Thursday August 3 2017)

Blog: Hungarian GP Report (Wednesday August 2 2017)

2017 Hungarian GP - Race (Sunday July 30 2017)

2017 Hungarian GP - Qualifying (Saturday July 29 2017)

2017 Hungarian GP - FP3 (Saturday July 29 2017)

2017 Hungarian GP - FP2 (Friday July 28 2017)

2017 Hungarian GP - FP1 (Friday July 28 2017)

Halo will debut in F1 in 2018 (Friday July 28 2017)

Blog: Hungaroring Preview (Thursday July 27 2017)

Cosworth to return to Formula One? (Wednesday July 26 2017)

Who will win in Hungary (Monday July 24 2017)

Sympathy for Kvyat? (Thursday July 20 2017)

Vettel plays down Silverstone swing (Wednesday July 19 2017)

Hamiltonís takeover (Tuesday July 18 2017)

Blog: British GP Report (Monday July 17 2017)

2017 British GP - Race (Sunday July 16 2017)

Blog: Silverstone Qualifying (Sunday July 16 2017)

2017 British GP - Qualifying (Sunday July 16 2017)

2017 British GP - FP3 (Sunday July 16 2017)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. DJ 1176
2. Red5 1125
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 601
6. Druss_the_Legend 595
7. Push The Button 512
8. col8 334
9. The Intimidator 216
10. VanGisbergen2013 176

Current Site Poll (view all polls)

Who will win in the USA?
Hamilton - And he will be Champion 17%
Hamilton - Title race continues 14%
Vettel 17%
Verstappen 42%
Ricciardo 10%
Bottas 0%
Raikkonen 0%
Someone else 0%