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Cash flow problems for Sauber

Sauber have not paid their staff in full for the month of February, sighting cash flow problems for the late payment.

The winter months are notoriously hard on Formula One teams, the drivers might not be competing on track, but the teams are working flat out to develop their new cars for the upcoming season.

'Part of the February salaries is pending. I regret that immensely. Sauber team principal Monisha Kalternborn told Swiss newspaper Blick as quoted by Sky Sports.

'We are currently at the most expensive time of the year. And with the transfer of a large amount sponsorship from abroad, there has been remittance technical problems.'

Sauber are not only set to receive their part of F1's prize money distribution, the team are also set to receive money from driver sponsors Marcus Ericsson and Felipe Nasr.

Both drivers bring millions of pounds worth of sponsorship to the team, but it would seem that hasn't been enough to pay Sauber's hard working employees.








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The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday March 9 2016

Time: 10:00AM

 

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