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SBD Global/July 1, 2013/Franchises

Sauber F1 Team In Financial Trouble, Can't Pay Driver Nico Hülkenberg, Suppliers

Sauber F1 driver Nico Hülkenberg "is still waiting for his May salary," according to Uhl & Pohl of BILD. In addition, the Switzerland-based team "has not paid its suppliers in the past several weeks." The Sauber team "is one of the seven F1 teams that have financial difficulties." Sauber counts on Russian gas producer Gazprom "to invest millions in the team." Team Principal Monisha Kaltenborn said, "It is true, we currently have some difficulties. But we will get out of it again. We'll definitely finish the season" (BILD, 6/30).
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