Hulkenberg salary on hold as Sauber hits financial trouble

Nico Hulkenberg

Nico Hulkenberg

Nico Hulkenberg is the victim of a financial crisis at Swiss team Sauber, the German newspaper Bild reports.

We reported on Sunday that, as the Hinwil based team runs out of money, development of the uncompetitive C32 has stopped, and suppliers’ bills are going unpaid.

The Swiss newspaper Blick said that Sauber is desperately waiting for a new sponsor, believed to be Russian natural gas giant Gazprom, to sign up.

Bild correspondents Helmut Uhl and Nicola Pohl claim that Hulkenberg is yet to be paid for May.

Team boss Monisha Kaltenborn confirmed: “It’s true, we’re in trouble at the moment, but we will get out of it again, and in any case will still be here at the end of the season.” (GMM.)

Subbed by AJN.

Content on by: staff & contributors, Reuters syndication, GMM service, Getty Images, Formula 1 teams, sponsors & organisations.

  • =El Presidente=

    Another team broken by the ever rising costs..

    4 teams left, MB/RB/McL/Ferrari.. and maybe F-India..

    but the rest are in serious financial weather.

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  • Pff

    Serves them right for sacking Kobayashi for a bag of money. They lost all credibility and goodwill in the F1 world with that move.

    Now they have 2 new drivers that cant get used to the car and score no points to attract sponsors.

  • Kimi4WDC

    This team is not broken up by rising cost, but by the sustainable business mentality rather than being a Formula 1 team in a first place.

    Monisha would be great at running big government organizations, but she is no Formula 1 Team principle of likes Peter Sauber, Frank Williams or Ron Dennis.