Sauber was never close to bankruptcy claims Kaltenborn 2 August, 2013 Monisha Kaltenborn with Peter Sauber Team principal Monisha Kaltenborn has denied that Sauber was ever close to being bankrupt. Having admitted that it was having trouble paying increasingly impatient suppliers, the Swiss team recently announced new partnerships with Russian entities that many in the media described as a ‘rescue deal’. However, team boss Kaltenborn insisted: “We were never close to bankruptcy. “We have been through difficult times in the past, and know how to survive. “We also had other options, but we realised that this was the best one for the team to have a long-term future,” she is quoted by tio.ch. (GMM) Subbed by AJN. Tweet Related NewsAbu Dhabi Grand Prix: Sauber preview Yas MarinaSutil may have failed to deliver on Sauber contractKaltenborn: Big teams have own agenda and are disrespectfulGutierrez: My career is not finishedSutil: It doesn’t mean Sauber is going to drive in 2015Gutierrez working on several options after Sauber axeSauber confirms Nasr for 2015 seasonBrazilian Grand Prix: Sauber preview InterlagosVan der Garde in line for Sauber race seat in 2015Sauber confirm Ericsson as driver for 2015 Junior Johnson Kattleburn saved the team once again.Hip Hip who ray for monica and well done to her we knew she could come through. She is a great team leeder and one of the cleverest people in f1 at the moment. It is just a pity that she didnt do a bit better with the building of this years car.She did build a very good car last year but this year didnt.They say that the car is to thin so that air washes over the car and doesnt become atatched to the car and this can ofen be a problem petes Maybe, just maybe, Monisha’s had her ear tweaked a bit too? Alantt Lets hope the money does not go “missing” if the Russian GP fails to happen in 2014….