News Details

Team to receive advance on prize money

It is understood that a number of teams are to be advanced their prize money in order to overcome cash-flow problems. Unsurprisingly, it is the three teams, Force India, Lotus and Sauber, who were most vocal about the chasm between the sport's haves and have-nots at the end of 2014. As Caterham and Marussia appeared to be in their death throes, the three teams warned they too were far from safe and amidst calls for changes to the sport including the allocation of prize money and limiting spending, there was talk (subsequently denied) of one of more teams boycotting events in protest. Now, with the season opener just two weeks away, at a meeting with Bernie Ecclestone last week, the F1...
Full Story »
10y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Ecclestone to assist small teams with advance payment

Bernie Ecclestone has reportedly agreed to assist the financially...
10y ago from GrandPrixTimes.com

Cash-flow crisis puts teams at risk for Melbourne

Force India, Sauber and Lotus all ask Bernie Ecclestone for help ahead of...
10y ago from Motorsport.com

Ecclestone ends ‘cash flow crisis’ for small teams

Amid alarming claims multiple teams are gripped by a ‘cash flow...
10y ago from ThisIsF1.com

Force India Reports Bernie to Help Small Teams

The financial plight of the smaller teams may be eased throughout the...
10y ago from FormulaSpy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Paddock optimism for IndyCar’s new independent...

Drivers in the NTT IndyCar Series are largely happy to see the series’...

IndyCar grows international broadcast offerings for...

The NTT IndyCar Series has announced that its already extensive global...

Popular On TotalWRC.com

Elfyn Evans wins Swedish showdown

Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...

Popular On GunnersToday.com

‘Slightly concerned': Sutton slams Arsenal...

Arsenal delivered a blistering response to their recent title jitters with...
54m ago from CaughtOffside.com

'Arteta needs to make him play like this', 'He owns...

Eberechi Eze has been singled out for praise by Arsenal fans following his...
1h ago from SportsKeeda.com

'He has been a weak link', 'Needs to hold bench' -...

Arsenal fans have slammed Jurrien Timber after their 4-1 win over...
34m ago from SportsKeeda.com

Walcott: Arsenal can do the quadruple - 'Why would you...

Theo Walcott believes Arsenal can do the quadruple and feels believing in...
54m ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.