Jul 14, 2013, 8:00 AM EDT
Sauber’s financial struggles have been well documented in the media lately, but it appears that the situation could be more dire than first thought with German publication Spiegel today reporting that the team requires $20m to even finish the season, let alone make it to the grid next year.
Star driver Nico Hulkenberg has reportedly been released from his contract due to Sauber’s failure to maitain payments, having also failed to pay suppliers in the last few weeks. The German driver is now in talks with Lotus, although the nature of any deal is yet to be confirmed.
Spiegel also claims that the team has as many as two dozen creditors waiting for payments, which if true means that the team faces an uphill struggle to make it to the final race at Interlagos in November.
In terms of investment, the options for Sauber appear to be few and far between. Nicolas Todt, son of FIA president Jean, was rumored to be in the running to buy a stake in the Swiss team but he recently ruled out doing so. Russian billionaire and owner of Chelsea Football Club Roman Abramovich is thought to be an option, with Chelsea’s crest appearing on the Sauber C32 car as part of a commercial agreement between the two parties.
Jul 28, 2014, 2:15 PM EDT
No one was injured Sunday night when a Joe Gibbs Racing plane clipped a parked Stewart-Haas Racing plane while returning home from the Brickyard 400.
Jul 28, 2014, 1:30 PM EDT
Joey Logano finishes fifth, while Brad Keselowski (12th) and IndyCar’s Juan Pablo Montoya (23rd) falter after starting toward the front of the grid.
Jul 28, 2014, 1:00 PM EDT
The winners of the last six IndyCar races haven’t had much in the way of results in subsequent races.
Jul 28, 2014, 12:30 PM EDT
The five-time Brickyard winner discusses his big win and other topics, including whether he’d allow his young daughter to become a NASCAR driver.
Jul 28, 2014, 12:00 PM EDT
Two drivers from the 1995 Indianapolis 500 finish 1-2 in the 2014 Brickyard Grand Prix, while the race features a star turn from somebody born in 1995…
Jul 28, 2014, 11:15 AM EDT
Both Adrian Sutil, Esteban Gutierrez run top-10 in Hungary, and both fail to get Sauber on the scoreboard.
Jul 28, 2014, 10:27 AM EDT
Courtney Force beats father John in final for record-setting NHRA Funny Car win in Sonoma.
Jul 28, 2014, 10:00 AM EDT
Despite the facial expressions of those second and third to Daniel Ricciardo on Sunday, each of the top three would have deserved the Hungarian GP win.
Jul 28, 2014, 9:30 AM EDT
IndyCars have push-to-pass, but not on ovals. It’s all good, Clint.
Jul 28, 2014, 9:00 AM EDT
German driver retires for the first time in 2014 after hitting Sergio Perez during the Hungarian Grand Prix.
Jul 28, 2014, 8:30 AM EDT
The mindset of Carl Edwards and the No. 99 team will be key down the stretch, knowing they’re heading their separate ways at the end of the year.
Jul 28, 2014, 8:00 AM EDT
Finn underlines his belief in the team to turn things around in 2014.
Jul 27, 2014, 7:52 PM EDT
A world of differences make it impossible to weigh Jeff Gordon’s accomplishments at Indy against those of A.J. Foyt, Rick Mears, Al Unser Sr., and Michael Schumacher.
Jul 27, 2014, 6:52 PM EDT
INDIANAPOLIS – Jeff Gordon gave himself an early 43rd birthday present with Sunday’s Brickyard 400 win. Kyle Larson also gave himself an early birthday present – his 22nd will be Thursday – with a solid seventh-place finish in his first Brickyard.
Jul 27, 2014, 6:13 PM EDT
INDIANAPOLIS – It wasn’t quite the 1-2-3 finish they might have hoped for, but it was almost just as good for Joe Gibbs Racing’s three drivers in Sunday’s Brickyard 400 at Indianapolis Motor Speedway. Kyle Busch finished second to winner Jeff Gordon, followed by Denny Hamlin in third and Matt Kenseth was fourth.
Jul 27, 2014, 5:41 PM EDT
Rowdy continues his strong performance as of late with another P2 at Indianapolis.
Jul 27, 2014, 4:45 PM EDT
Kasey Kahne led a race-high 70 laps, but lost the Brickyard 400 lead to Jeff Gordon on a restart with 16 laps to go and faded to sixth.
Jul 27, 2014, 4:17 PM EDT
INDIANAPOLIS – It was an oldie but goodie performance as Jeff Gordon – seven days short of his 43rd birthday – rallied late to win Sunday’s 21st Brickyard 400 at Indianapolis Motor Speedway.
Jul 27, 2014, 3:00 PM EDT
One final round-up from the Hungaroring following Daniel Ricciardo’s supreme victory.