News Details
Ecclestone offers cash advance for smaller F1 teams
Formula 1 supremo Bernie Ecclestone has offered advance revenue payments to Sauber, Force India and Lotus to help with cash-flow problems ahead of the new season starting in Australia next week. 'Bernie understands we've had these challenges over the winter because the (team) suppliers got so badly hurt by the Marussia and Caterham issues,' Force India deputy principal Bob Fernley told Reuters on Monday. 'Whereas we've always been able to work with them and smooth it out over the period of the start of the winter, they simply can't. Whereas we used to get 30 days credit, now we need 30 days in advance. 'He (Ecclestone) suggested that we take an advance and smooth it out that way. That's...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Ecclestone offers cash advance for smaller teams
Formula One supremo Bernie Ecclestone has offered advance revenue...
11y ago from SuperSport.com
Ecclestone to assist small teams with advance payment
Bernie Ecclestone has reportedly agreed to assist the financially...
11y ago from GrandPrixTimes.com
Ecclestone responds to avert F1 teams cash flow crisis
Amid alarming claims that multiple Formula 1 teams are gripped by a cash...
11y ago from GrandPrix247.com
Force India Reports Bernie to Help Small Teams
The financial plight of the smaller teams may be eased throughout the...
11y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Why Dani Pedrosa won't replace Maverick Vinales at Le...
No description available...
7h ago from Motorsport.com
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
11h ago from Motorsport.com
Andrea Iannone returns to MotoGP paddock in...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar officiating board helps shape Push to Pass...
IndyCar’s new Independent Officiating Board has made one of its first...
7h ago from MotorsportWeek.c...
IndyCar expands Push to Pass availability
The NTT IndyCar Series has announced a change to the series’ Push to...
8h ago from MotorsportWeek.c...
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
1d ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
10h ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
6d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'Should be ashamed of himself', 'One of the worst...
Atletico Madrid fans were left disappointed with Alexander Sorloth's...
57m ago from SportsKeeda.com
'I can tell you' – Journalist confirms Man...
Manchester United are currently leading the race to sign Atalanta’s...
17m ago from CaughtOffside.com
Alan Shearer reveals the one Arsenal tweak behind...
Viktor Gyokeres’ overall play as Arsenal’s focal point, both on and...
1h ago from CaughtOffside.com
Arsenal see off Atlético Madrid and feel gnawing fear...
newly found belief Mikel Arteta’s side have shown has now carried them...
37m ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton plays the 'shrimp', Aston Martin in 'a deep...
Last weekend's Miami Grand Prix saw Kimi... Read More »
1h ago from GPFans.com
F1 News Today: Christian Horner return welcomed as Newey...
Christian Horner has been given an open... Read More »
2h ago from GPFans.com
Adrian Newey builds rocket ship faster than any F1 car, but...
Adrian Newey's F1 genius has contributed to a... Read More »
3h ago from GPFans.com
