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F1 2013 – Sauber – Russian rescue deal falls apart?

Just under a month ago Sauber announced a rescue deal which would see the Swiss based team receive a much needed financial injection from Russian bankers, but recent reports are suggesting the deal is far from done.Reports from bild newspaper are suggesting that National Aviation Institute of Aviation Technologies, the company set to save Sauber, has had its board of director’s vote against the rescue package.The 400million euro investment would see Sauber pay off creditors including Ferrari [engines], Pirelli, Nico Hulkenberg, Esteban Gutierrez and former Sauber driver Kamui Kobayashi, who are all reportedly owed money by Sauber.Failing to secure a deal could see sauber out of the second...
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10y ago from F1.co.uk 0
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