Russian entity votes down Sauber rescue - report
Sauber team's apparent rescue by the Russian group may have fallen apart which could leave dark days ahead for the Formula One team.
Aug.13 (GMM) After all the 'Russian rescue deal' talk, the news about Sauber is now back into a backwards slide.
A week ago, amid reports Russian entities have saved the Swiss team with promised millions, boss Monisha Kaltenborn admitted there was a delay.
That holdup could now run Sauber off the road, with Die Welt newspaper saying Ferrari has threatened to cut off the supply of customer engines unless part of an unpaid bill is paid imminently.
The newspaper claimed on Sunday that the entire Russian deal could now collapse, due to the uncertain job prospects of Oleg Sirotkin.
Sirotkin, who heads up Russia's National Institute of Aviation Technologies (NIAT), is vital to the deal, with his 17-year-old son Sergey also scheduled to make his Sauber debut in 2014.
Bild newspaper reported on Monday that Sauber's worsening situation has taken yet another "dramatic" turn, with potential "insolvency" now looming.
"The Russian sponsor rescue could fail," the latest media report read.
"According to our information, the NIAT board has voted by large majority against the EUR 400 million investment," added Bild.
Share Or Save This Story
Jules Bianchi's father speaks of family's continued hopes
Sauber under no illusions about constructors' position
Pirelli chief calls for radical F1 overhaul
Bahrain GP: Friday press conference
Australian GP: Friday press conference
Fernando Alonso's next move may not be what you think
Charles Leclerc and wife Alexandra appear to address pregnancy rumours with holiday photos
McLaren trying to understand Ferrari's 'inspirational' upgrade volume
Why Charles Leclerc’s battle of the brakes has left him trailing Lewis Hamilton
Peloton-style racing could continue into Formula E’s Gen4 era
Arvid Lindblad admits F1 rookie season has exceeded expectations
Lance Stroll spotted driving ultra-rare £3million Aston Martin in Monaco
Could McLaren follow Red Bull’s path with its own F1 engine – and should it?
Could McLaren follow Red Bull’s path with its own F1 engine – and should it?
Top 10 rookie seasons in F1
Why F1 shouldn’t be hiding its most interesting characters
100 not out: Alex Albon on Williams’s desire to atone for its 2026 struggles
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments