The Sauber Formula 1 team has failed to pay its staff salaries on time for the third successive month, Autosport has learned.Cashflow problems meant February and March salaries were paid around a week late. The situation has repeated itself for the month of April but Sauber hopes a solution will...

Sauber team principal Monisha Kaltenborn says she is working through a plan to resolve the Formula 1 outfit's latest "tough" financial situation.Sauber has found itself in the headlines this F1 season more for what is occurring off track than on it, notably as its 2016 car was late making its...

Felipe Massa says he is concerned about the future of his former Formula 1 team Sauber, given its current financial situation.The Swiss outfit has not paid its staff on time for the last two months because of cash-flow problems, with boss Monisha Kaltenborn working to find more backers for the...

Lotus owner Gerard Lopez believes Caterham's need to seek crowdfunding to try to make it back on the grid is a 'sad' indication about the state that Formula 1 is in.Caterham's administrators are seeking $3.72 million in funding to ensure they can afford to compete at the Abu Dhabi Grand...

Formula 1 supremo Bernie Ecclestone has labelled Caterham's plan to get back on the grid via crowdfunding as a "disaster" for the sport.Caterham's administrators revealed a plan on Friday to try to raise $3.72 million from fans to ensure the team could race in Abu Dhabi. But Ecclestone is not...

Britain's The Guardian reports that CVC Capital Partners, the owners of Formula 1, are planning to sell a large part of their controlling 35.5% stake in the sport. The Guardian report claims that the private equity company's managers have decided that Ecclestone, 83, must be replaced as the sport's chief...