Breaking news
Formula 1
Sauber denies Russian rescue has collapsed
Sauber's President of the Board of Directors, Peter Sauber, reacts to statements concerning the Formula One team's status with Russia's National Institute of Aviation Technologies
GMM
Edited: Aug 14, 2013, 6:08 AM
Copy link
Share on Viber
Aug.14 (GMM) Sauber has hit back at reports its Russian rescue deal has collapsed.
German-language reports had said the release of millions in crucial backing for the almost insolvent Swiss team had been voted down this week by Russia's National Institute of Aviation Technologies (NIAT).
And the DPA news agency even quoted NIAT chief Oleg Sirotkin, whose son Sergey is scheduled to race for Sauber in 2014, as saying the entity cannot afford to fund a Formula One team.
But in a statement to German-language media outlets, Sauber hit back by insisting that NIAT's "contribution" to the Russian rescue deal was "never intended" to be "financial".
Sergey Sirotkin
Photo by: DPPI
Sauber explained that NIAT's contribution is, instead, "a technical cooperation".
"We are surprised how readily some media put rumours and false reports into the world," the Swiss team added.
Sauber said a contract with 17-year-old Sergey Sirotkin for 2014 remains on track, and that a media statement outlining his preparation for the seat will be released as soon as the August shutdown period is over.
As for suggestions not a single Russian ruble has flowed to the team amid the increasing impatience of unpaid suppliers like Ferrari and Pirelli, Sauber insisted: "The first contractually-guaranteed payments have already been made".
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Ferrari to decide on 2014 focus switch - Massa
Next article 'Good chance' of race future at Williams - Juncadella
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
GMM
The season is still very long - Rosberg
Formula 1
Formula 1
The season is still very long - Rosberg
Jules Bianchi's father speaks of family's continued hopes
Formula 1
Formula 1
Jules Bianchi's father speaks of family's continued hopes
Sauber under no illusions about constructors' position
Formula 1
Formula 1
Chinese GP
Sauber under no illusions about constructors' position
More from
Sergey Sirotkin
Sirotkin to stay as Renault F1 reserve in 2020
Formula 1
Formula 1
Sirotkin to stay as Renault F1 reserve in 2020
Sirotkin replaces stranded Lundgaard for F2 testing
FIA F2
FIA F2
Sirotkin replaces stranded Lundgaard for F2 testing
Sirotkin: F1 exit more painful now than before
Formula 1
Formula 1
Sirotkin: F1 exit more painful now than before
More from
Ferrari
F1 United States GP: Charles Leclerc completes perfect Friday by topping FP2
Formula 1
Formula 1
United States GP
12 h
F1 United States GP: Charles Leclerc completes perfect Friday by topping FP2
Exploring Ferrari's 'less than a tenth' US GP update package
Formula 1
Formula 1
United States GP
14 h
Exploring Ferrari's 'less than a tenth' US GP update package
Latest news
"Just undriveable" – Isack Hadjar looking for answers after "massive" struggles in Austin practice
Formula 1
F1 Formula 1
United States GP
27 min
"Just undriveable" – Isack Hadjar looking for answers after "massive" struggles in Austin practice
Maverick Vinales: “If I stay at home, I don’t get paid”
MotoGP
MGP MotoGP
Australian GP
56 min
Maverick Vinales: “If I stay at home, I don’t get paid”
The unexpected problem Honda encountered despite its second F1 power unit upgrade
Formula 1
F1 Formula 1
United States GP
1 h
The unexpected problem Honda encountered despite its second F1 power unit upgrade
MotoGP Australian GP: Full starting grid as four riders forced out of Phillip Island race
MotoGP
MGP MotoGP
Australian GP
1 h
MotoGP Australian GP: Full starting grid as four riders forced out of Phillip Island race
Feature
Discover prime content
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe