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.
Nico Hulkenberg, Sauber C32
XPB Images
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.
Be part of Motorsport community
Join the conversationShare Or Save This Story
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