RE: Sauber confirm staff not paid in full in February

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mycadcae
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Joined: 10 Jan 2010, 16:49
Location: Selangor Malaysia

RE: Sauber confirm staff not paid in full in February

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Team confirm to Sky Sports some wages still outstanding

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Sauber have confirmed to Sky Sports that the team haven't paid their staff in full for the month of February.

The cash-strapped squad are regularly the subject of speculation surrounding their financial health and along with Force India have complained to the European Union about F1's prize money distribution. Swiss newspaper Blick quoted team principal Monisha Kalternborn as saying: "Part of the February salaries is pending. I regret that immensely "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 due to field Swede Marcus Ericsson and Brazilian Felipe Nasr in 2016, both of whom are reported to bring millions in sponsorship to the team.

Source skysports
Regard,
Nik Wan, Mechanical Designer, CATIA V5/ Solidworks/Autodesk Inventor/ AutoCAD

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FW17
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Joined: 06 Jan 2010, 10:56

Re: RE: Sauber confirm staff not paid in full in February

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Season is starting in 2 weeks time, money from FOM will be coming in from April 1

Would be more concerning if it was November.

TzeiTzei
TzeiTzei
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Joined: 09 Mar 2011, 21:19

Re: RE: Sauber confirm staff not paid in full in February

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Why is this here?