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Sauber saved by eleventh hour funding from Russian consortium
Sauber saved by eleventh hour funding from Russian consortium 15 July, 2013 Peter Sauber always confident his team would survive their crisis Sauber appears to have assured its future in Formula 1 after an eleventh hour investment from a Russian consortium, the announcement was made on Monday amid increasing pressure for the Swiss team to pay mounting debts, with some reports speculating that the Hungarian Grand Prix would be the team's last race.
For weeks the future of Sauber has been the focus of numerous headlines, many predicting the demise of the team owned by Peter Sauber, which has contested 285 grand prix races as an independent team and 70 more as Sauber BMW.
In a statement...
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