News Details
Ecclestone offers cash advance for smaller teams
Formula One 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...
Full Story »
Full Story »
10y ago from SuperSport.com
0
You May Also Be Interested In...
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
Ecclestone ends cash flow crisis for small teams
Amid alarming claims multiple teams are gripped by a 'cash flow crisis',...
10y ago from GrandPrix.com
Ecclestone responds to avert F1 teams cash flow crisis
Amid alarming claims that multiple Formula 1 teams are gripped by a cash...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez assesses his Ducati future beyond 2026...
Nine-time MotoGP champion Marc Marquez will be a key figure in the rider...
21h ago from MotorsportWeek.c...
MotoGP 2026: Team launches and pre-season testing...
No description available...
1d ago from Motorsport.com
Aleix Espargaro quits pro cycling after injuries...
No description available...
1d ago from Motorsport.com
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
1d ago from MotorsportWeek.c...
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
2d ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Juan Cruz Yacopini to miss 2026 Dakar Rally after sea...
No description available...
1h ago from Motorsport.com
These are leading contenders for the 2026 Dakar Rally
No description available...
29m ago from Motorsport.com
Sebastien Ogier pays tribute to WRC rival that...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta: Today's Arsenal press conference in...
Arsenal manager Mikel Arteta spoke to the press ahead of his side's game...
1h ago from CaughtOffside.com
Mikel Arteta provides update on Declan Rice ahead of...
Arsenal manager Mikel Arteta is unsure if Declan Rice will make the squad...
29m ago from SportsKeeda.com
'We will try…' – Mikel Arteta drops major...
Arsenal manager Mikel Arteta has dropped a clear hint that his club will...
1h ago from CaughtOffside.com
Sources: Chelsea have concrete transfer interest in...
Chelsea have set their sights on potential transfer deals for two top...
2h ago from CaughtOffside.com
Comments
Hottest News
Multiple F1 teams unveil new rebrands for 2026 F1 season
Multiple teams have revealed new rebrands across... Read More »
1h ago from MotorsportWeek.com
Ferrari announce F1 driver exit
Ferrari F1 team have announced that Zhou Guanyu... Read More »
2h ago from GPFans.com
F1 star in surprise marriage proposal
One F1 star found themselves at the centre of a... Read More »
1h ago from GPFans.com
