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2013-09-06 11:33

WHEN WILL IT END? Sauber team principal Monisha Kaltenborn says the team's three new Russian partnerships will take some time before any financial relief will be seen.Image: AFP

Sauber boss Monisha Kaltenborn has admitted the so-called 'Russian rescue deal' has not solved all the Swiss team's problems.

MONZA, Italy - Sauber might have found some relief after partnering with three major Russian companies for 2014, but the F1 team is still in hot water.

Although it emerged recently that Russian rubles have started to flow, Swiss business newspaper Handelszeitung reported that in fact more unpaid suppliers have filed prosecutions against Sauber with the national debt register.

'NOTICEABLE STEP'

Kaltenborn told Speed Week at Monza: "In the Handelszeitung there were things reported that are not true. We have already said that we are in a challenging situation. Through this (Russian) partnership, there is an upward trend, but it takes time.

""It has been a noticeable step for us and our suppliers, and we remain in contact with them - but it is an internal matter.  It is obvious that we will meet all of our liabilities, and we thank our suppliers for their patience.

"Our goal is to lead the company out of this situation, for the benefit of our employees and our suppliers, as was the case for the last 43 years."
 
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